Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $9,169.28 (+3.36%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has jumped to $207.55 (+1.66%), while XRP has grown by 0.59% and is now trading at $0.196.
FxPro's team of analysts say:
"Bitcoin has grown by more than 3% over the past 24 hours, a rise that has coincided with a 16% increase in trading volumes. However, this jump seems to have lost momentum. Buyers have come to the rescue of Bitcoin, pushing it above $9,000. However, if they expected the crypto to keep growing, they were clearly wrong, as the offensive has started to lose momentum at around $9,200. The bears' attempt to bring down the crypto's price has also been unsuccessful.
In any case, Bitcoin seems to be unable to escape from the downward trend. And this pattern has not been affected by the recent growth. In order to convince investors about its growth potential, the reference cryptocurrency will have to not only break the $10,000 barrier, but also move steadily towards $11,000, which at the moment seems to be a rather difficult task."
According to CoinMarketCap’s ranking, all currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $255,579,818,092.
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