Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $8,897.02 (+2.17%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $190.32 (+0.86%), while XRP has jumped by 0.9% and is now trading at $0.197.
FxPro's team of analysts say:
"Bitcoin has grown by 2% over the past 24 hours to $8,900. Even though bulls are trying to push the crypto up to $9,000, the current growth coincides with a drop in trading volumes, which have decreased by 28% over the last day.
The greed and fear index has risen by several points, remaining in the 'fear' area, while the RSI index remains in neutral territory. Technical indices do not show any clear signals that could suggest new growth.
This could be considered as a reaction from investors to the BTC halving. Market participants are following the actions of miners. In this sense there is no need to worry, as the crypto's hashrate does not seem to have experienced any significant change. Miners have probably been preparing for the halving and have managed to build up some support that will allow them to keep mining for a long period of time."
According to CoinMarketCap’s ranking, 8 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $243,319,079,519.
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