Bitcoin has started the day posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $6,936.97 (+0.32%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $174.82 (+0.35%), while XRP has jumped by 0.26% and is now trading at $0.185.
FxPro's team of analysts say:
"Bitcoin has shown little changes over the past day and is currently trading above $6,900 while its daily trading volume has fallen by 13%. On the other hand, altcoins are showing a similar price dynamic with a slight growth. The Bitcoin fear and greed index has climbed by 6 points since last week, remaining in the 'extreme fear' area.
The crypto market does not seem to know whether to follow the example of oil and dive into a downward trend or become a safe haven for investors, who are running away from traditional markets due to their fall. The uncertain situation surrounding oil and the signs that a global economic catastrophe could soon take place will affect the prospects of Bitcoin, which has changed from being a 'pirate' project to become an asset sufficiently close to traditional markets. Even the next Bitcoin halving, which will take place in just a few weeks, seems to have been forgotten. Over the first few months the event itself will only affect technical factors, while fundamental changes, as well as the impact on the value of the reference crypto, will start to be felt in the coming months."
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 $200.232.967.172.
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