Bitcoin has started the day posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $9,002.25 (+3.54%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $209.12 (+3.91%), while XRP has jumped by 3.21% and is now trading at $0.219.
Bitcoin price has recovered after falling below $9,000 over the weekend as the US government seeks another $3T in an attempt to boost the country's economy.
Bitcoin has recovered a significant portion of its losses and is currently trading above $9,000. Despite falling to $8,500 on Sunday, Bitcoin price recovered quickly and found support in the $8,700-8,850 range before spending yesterday most of the day consolidating in this area.
Pantera Capital CEO and co-investment manager Dan Morehead said in a newsletter that after analyzing previous Bitcoin halvings to find out what could happen next, he concluded that if history repeats itself, Bitcoin could peak in August 2021.
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 $250,431,692,943.
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