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Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $5,332.78 (+2.76%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum has grown to $117.24 (+3.1%), while XRP has jumped by 0.92% and is now trading at $0.145.

FxPro's team of analysts say:

"It seems Bitcoin is looking for levels it's comfortable with. Since March 13, the reference cryptocurrency has had an increasingly narrow intraday range despite massive sales in the financial markets. Although the RSI of the BTC/USD pair is still in the oversold area, the crypto's attempts to break above the 30 threshold are already visible.

Investors who have withdrawn their profits have now invested their funds in assets such as Tether (USDT), which are a mix of safe haven and cash equivalent in the crypto market. However, the problem with stablecoins is that they do not provide profits, which means investors will soon start looking for assets that have already reached their probable peak of decline. The measures implemented by central banks have not helped to make traditional currencies more attractive."

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 $151.773.737.262.

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