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Bitcoin has started the week posting gains. At press time, the largest cryptocurrency by market cap is trading at $7,708.38 (+1.36%), according to CoinMarketCap.

For its part, Ethereum has grown to $196.29 (+0.48%), while XRP has climbed by 1.24% and is now trading at $0.197.

FxPro's team of analysts say:

"Bulls seem to be dominating the market at the moment. At the start of the business week, Bitcoin has posted an increase of over 2% and is trading at around $7,750. On the other hand, the greed and fear index has posted a spectacular increase of 7 points in just one day moving from 'extreme fear' to just 'fear'. Bitcoin's ability to not only maintain previously achieved levels, but also to attract buyers during recessions, contributes to the market participants' hopes that a rebound can actually take place.

The strong rebound in the market after the collapse suffered in mid-March has also had a positive effect on the mood. The halving of the Bitcoin network will take place in just two weeks. In the near future we will likely see a surge in demand due to the interest in this event. Conversely, Bitcoin's inability to grow before the halving could significantly worsen the immediate prospects for the crypto market."

According to CoinMarketCap’s ranking, 6 currencies on the top 10 are in green.

As for the market cap of all currencies listed in CoinMarketCap, it stays at $221.676.117.699.

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