Bitcoin has started the day posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $9,346.84 (+0.01%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $181.98 (+3.44%), while XRP has jumped by 1.9% and is now trading at $0.24.
Financial company Huatai Securities has recently shared some details about the DCEP (Digital Currency Electronic Payment), the payment system developed by the People's Bank of China. According to the company:
"Unlike digital currencies like Bitcoin, which operate in a decentralized system, the DCEP uses a centralized management system."
DCEP will be controlled by the Central Bank of China, but issued through several commercial banks.
FxPro's team of analysts say:
"Bitcoin has unsuccessfully tried to exceed $9,500 early this morning. As a result, the reference cryptocurrency is currently trading at around $9,300.
Regarding altcoins, they are showing a varied price dynamic. While Litecoin has posted a 11% increase over the past 24 hours, Bitcoin Cash is already in negative territory. The relative strength index (RSI) on the daily chart reflects a decrease in the overbought zone. Yesterday's trend, which was very similar to today's, ended in a rebound, however, things may be different today since the crypto has failed to break the $9,500 barrier.
The greed and fear index is still in the 'greed' zone. Bitcoin will likely need more time to consolidate so that investors have enough confidence it will reach new levels."
According to CoinMarketCap’s ranking, 6 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $257,808,567,925.
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