Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $9,771.58 (+5.18%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has jumped to $209.74 (+1.89%), while XRP has grown by 0.09% and is now trading at $0.215.
FxPro's team of analysts say:
"Bitcoin is approaching $10,000, currently trading at around $9,800. Less than four days before the halving, everyone has put their attention on this event. This attention has boosted the BTC dominance index, which has almost reached 68%. While yesterday the growth was almost exclusively led by Bitcoin, today other cryptos have also joined the trend, however, they are showing a lower increase. The crypto's ability to overcome the $10,000 psychological barrier will determine the outlook for both Bitcoin and the rest of the crypto market.
The greed and fear index has experienced some important changes after growing 6 points in a single day and reaching the 'greed' area. On the one hand, this suggests a possible increase in the near future. On the other hand, it also suggests possible sales. The RSI for the BTC/USD pair has risen to the overbought area, however, it looks like the growth has lost momentum and that its future direction will be determined by new triggers."
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 $264,662,703,627.
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