Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $9,662.36 (+4.33%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $208.36 (+8.93%), while XRP has grown by 0.89% and is now trading at $0.28.
FxPro's team of analysts say:
"The fears Bitcoin could suffer a correction have not materialized. On Wednesday night, the reference crypto broke above the $9,500 mark and reached $9,700 before starting a slight fall. Bitcoin has grown by almost 4% over the last 24 hours and is now trading at around $9,600. As usual, the rest of the market has followed the example of Bitcoin with most altcoins in green.
The greed and fear index is growing steadily and is now at the 'greed' level after rising 8 points. The closer this indicator gets to 100, the more demand there will be in the market, but also the more likely it is that investors will start withdrawing their profits.
Monitoring resource Whale Alert has reported that during this morning, 49,852 BTCs ($479,367,198) were transferred between 5 unknown wallets in just a few minutes. These funds could be being used to artificially inflate trading volumes."
According to CoinMarketCap’s ranking, 9 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $273,967,297,172.
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