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Bitcoin has started the week with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $7,034.37 (+3.61%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum has jumped to $149.45 (+4.15%), while XRP has grown by 2.64% and is now trading at $0.184.

CryptoCompare has recently reported the sharp jumps BTC price registered in March have helped several major crypto exchanges reach record trading volumes.

FxPro's team of analysts say:

"Bitcoin has spent the whole weekend forming a lateral trend, however, this morning it made an attempt to get out of it. Over the past 24 hours, Bitcoin has grown by more than 3% and has crossed the $7,000 mark. Trading volumes are also increasing, providing further positive reinforcement.

Altcoins are following BTC's trend, posting 3-4% gains. The Bitcoin dominance index has remained at around 65% over the past week. The greed and fear index remains stable in the 'extreme fear' area in spite of the significant price fluctuations. After the recent increase in Bitcoin price, the RSI index has climbed to 54 points, however, it remains in the neutral area. The dynamics of the crypto market this week will be largely determined by events surrounding the coronavirus and the traditional financial market."

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 $197,496,058,786.

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