Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $6,644.77 (+5%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $137.84 (+3.72%), while XRP has climbed by 2.45% and is now trading at $0.177.
FxPro's team of analysts say:
"Bitcoin price has risen by over 4% in the past 24 hours to $6,600. The crypto was fluctuating around $6,200 during yesterday, however, it began to grow rapidly during the night. This change in trend coincides with a major transaction recently recorded on the net. Although the greed and fear index has jumped by several points, it remains in the 'extreme fear' area. The RSI, on the other hand, is in the neutral area. The altcoins market is following BTC's trend. The total market cap has increased by $7B in a single day.
According to WhaleAlert, last night 101,857 BTCs (633,535,530 USD) were transferred from an unknown wallet to another. These types of large transactions are pretty rare. It is difficult to determine whether this transaction is a manifestation of deep processes in the positive or negative direction, however, it does attract attention because of its impact on the market."
All currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $186,294,020,637.
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