Bitcoin has started the day posting gains. At press time, the largest cryptocurrency by market cap is trading at $9,510.37 (+3.74%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has jumped to $221.07 (+6.72%), while XRP has grown by 1.91% and is now trading at $0.2.
FxPro's team of analysts say:
"Bitcoin has grown by almost 4% over the past day to $9,500, an increase that has coincided with a proportional rise in trading volumes. At the same time there has been a significant transaction between whales. According to WhaleAlert, 11,660 BTCs ($111,259,669) have been transferred between two unknown wallets. While this does not necessarily mean that major changes have to occur, these types of transactions always attract a great attention. Bitcoin has been able to recover from $9,000, however, it has not yet reached a level of growth that allows us to speak of a real change of direction.
While growth of several percentage points per day would be an ideal scenario to attract new users, this is almost impossible. In fact, Goldman Sachs, the world's largest investment bank, does not recommend its clients to invest in this type of asset.
In any case, this will not become an obstacle for true crypto enthusiasts, and Goldman has already been accused of being old-fashioned and of unfair play. Tyler Winklevoss thinks this could be a special strategy to convince the market by saying one thing and doing exactly the opposite. Time will tell if this is true or not, however, the crypto market will almost certainly keep making headlines."
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 $265,058,858,126.
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