Bitcoin has started the day in green, however its recent rally has lost momentum. At press time, the largest cryptocurrency by market cap is trading at $8,705.58 $ (+2,3%).
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $162.9 (+9.27%), while XRP has jumped by 7.44% and is now trading at $0.233.
According to CoinMarketCap’s ranking, 10 currencies on the top 10 are in green.
FxPro's team of analysts say:
"The Bitcoin rally seems to have lost momentum this morning at about $8,850. The Bitcoin dominance index has suddenly fallen from 68% to almost 66%, reflecting investors are diversifying their investments. Altcoins have recorded significant growth in the past hours. Special mention must be made to Bitcoin SV, which has reached over 100%. This sharp increase could be associated with the fight between Bitcoin Cash and Bitcoin SV, so we will likely see how its price falls again in the near future.
Altcoins are showing spectacular growth. However, we are already seeing how some investors have started to withdraw their profits, as the current prices are more than enough for them is we consider they entered the market when prices were a lot lower."
As for the market cap of all currencies listed in CoinMarketCap, it stays at $238,741,331,275.
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