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Bitcoin has started the day with little changes. At press time, the largest cryptocurrency by market cap is trading at $9,344.3 (-0.03%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum has fallen to $176.22 (-1.08%), while XRP has dropped by 1.35% and is now trading at $0.236.

Analysis firm Chainalysis has recently said Bitcoin use in the darknet markets reached record levels in 2019.

The company's experts say during the fourth quarter of 2019, Bitcoin was used in transactions worth over $600M in the darknet.

According to them, the demand for Bitcoin as a means of payment in the darknet "depends less" on price fluctuations.

FxPro's team of analysts say:

"Bitcoin has managed to stay above $9,300, a level it tried to reach earlier this month. Being above this level is a good sign for the market. Over the last 24 hours, the reference cryptocurrency has shown little change and is currently trading at around $9,300. On the other hand, the loss of momentum might mean the rally has come to an end. Altcoins have already started to post slight losses.

Analysts agree on the fact that Bitcoin first needs to consolidate at the current level before continuing its growth. The closest resistance level is $9,500, the maximum reached during the October rally. If the crypto manages to reach this mark, it could grow to $10,000. The itcoin greed and fear index is at the 'greed' level, while the RSI index has started to fall from the overbought zone, which might also mean bears are starting to enter the market."

According to CoinMarketCap’s ranking, 7 currencies on the top 10 are in red.

As for the market cap of all currencies listed in CoinMarketCap, it stays at $256,600,954,517.

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