Bitcoin has started the day posting gains. At press time, the largest cryptocurrency by market cap is trading at $9,396.61 (+5.63%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $198.41 (+4.35%), while XRP has jumped by 1.48% and is now trading at $0.2.
FxPro's team of analysts say:
"Bitcoin has managed to break above the $9,000 psychological barrier. Today, the reference crypto is registering an increase of more than 5%. This is a very positive news, especially considering that after the halving, market participants had a pretty moderate outlook. The trading volume of the Bitcoin network has also recorded a 12% increase.
The greed and fear index has changed little and still remains in the 'fear' area, while the RSI for the BTC/USD pair has risen along with the price even though it is not yet expected to reach the overbought area.
Altcoins are following Bitcoin's trend. Thus, Ethereum has grown by about 4% and is currently trading at around $200. According to CoinMarketCap, the total market capitalization has risen by $13.5B in a single day. Investors have positively received the bullish trend of the market."
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 $256,884,438,351.
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