Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $8,816.82 (+0.08%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has fallen to $226.81 (-0.72%), while XRP has grown by 0.89% and is now trading at $0.237.
FxPro's team of analysts say:
"Over the past 24 hours, Bitcoin has registered almost no changes and is currently trading at around $8,800. So far this week, the crypto has been fluctuating around current levels.
According to the rules of the market, what 'doesn't grow, falls'. In the particular case of Bitcoin, what happens with cryptocurrencies depends largely on the situation in the traditional financial market. The growing demand for risky assets may contribute to an increase in Bitcoin purchases, which could boost the rest of the market.
The greed and fear index has risen by several points over the last day, reflecting a slight improvement of the situation. The daily RSI stays at the neutral position. All market participants are expecting new triggers, and Bitcoin currently depends largely on the situation in the traditional risk markets."
According to CoinMarketCap’s ranking, 5 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $252,981,660,824.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.