Main page News, Bitcoin

Bitcoin has started the day posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $6.719,67 (+1.37%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum has grown to $138.25 (+1.78%), while XRP has climbed by 7.65% and is now trading at $0.173.

FxPro's team of analysts say:

"Bitcoin has been fluctuating around $6,700 over the past three days. Following the March 13 crash, the BTC/USD charts show a daily increase in the intraday lows. The Bitcoin dominance index has risen to 65.6%, while the greed and fear index has fallen several points in one day to reach the 'extreme fear' level. The RSI remains in the neutral zone.

In spite of the signs of growth, it is still quite obvious that crypto buyers are hesitating. While the US Federal Reserve is flooding the world with dollars and governments around the world are approving stimulus packages, the economic situation keeps worsening. All this can affect the mood of investors and the outlook for cryptos.

We have witnessed several times how Bitcoin breaks different support levels one after the other. This negative price dynamic usually occurs after long lateral trends or periods of undecided growth."

According to CoinMarketCap’s ranking, all currencies on the top 10 are in green.

As for the market cap of all currencies listed in CoinMarketCap, it stays at $187.390.284.250.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error