Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $9,508.68 (+1.42%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $200.24 (+1%), while XRP has grown by 0.02% and is now trading at $0.2.
FxPro's team of analysts say:
"Bitcoin has one again been unable to break above the $10,000 level, which has resulted in a correction to $9,500. However, the trading volume on the Bitcoin network has increased by 25% over the past 24 hours to almost $60B. It should be noted trading volumes indicate a very high interest in Bitcoin from all market participants. There is a large amount of funds changing hands.
The greed and fear index has risen 4 points over the last day, remaining in the 'fear' area. On the technical side, over the next few weeks some miners will start to shut down their devices, the complexity will be adjusted and they will start to withdraw their assets from the market in order to cover losses or simply to leave the 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 $259,105,563,202.
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