Bitcoin has started the day posting minor losses. At press time, the largest cryptocurrency by market cap is trading at $9,695.61 (-0.47%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has fallen to $243.68 (-0.22%), while XRP has dropped by 0.19% and is now trading at $0.203.
FxPro's team of analysts say:
"Bitcoin remains close to Friday's levels at around $9,700. The brief increase in volatility recorded during the morning has not been enough to influence on the market. Trading volumes remained stable at around $22B. The price increase could have a technical nature: some believe buy orders could work, while others think a sell-off could be initiated when the crypto hits $10,000. The DVAN Buying and Selling Pressure indicator, which determines upward/downward trends, reflects a possible reduction.
In addition, WhaleAlert has recorded high volatility overnight. To begin with, 20,000 BTCs have been transferred between two unknown wallets. Later, there have been other smaller transactions, resulting in more than 34,000 BTCs being transferred overnight. Most of these transactions took place a few hours before the increase in price volatility.
In addition, it must be noted there has been a sharp increase in the volumes of XRP transfers. Nearly 900 million tokens were transferred last night. All were sent to unknown wallets."
According to CoinMarketCap’s ranking, all currencies on the top 10 are in red.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $275,568,254,393.
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