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Bitcoin has started the day posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $9,772.5 (+0.77%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum has grown to $244,94 (+0.45%), while XRP has dropped by 0.44% and is now trading at $0.202.

FxPro's team of analysts say:

"It seems the activity of traditional financial markets has caught the attention of crypto investors and traders. Bitcoin is currently trading at around $9,800 while its trading volume remains stable at around $22B. The daily Bitcoin charts reflect a continuous upward trend that can be seen at increasingly high intraday lows. However, bulls have not yet been able to break above the $10,000 barrier.

The greed and fear index has remained in the neutral area since last week, which also indicates market participants are waiting for new triggers. Under the current situation, neither sellers nor buyers want to be the first to withdraw. It is clear that Bitcoin is actively gaining support after bears tried to create a downward trend. At the moment, the cryptocurrency is enjoying a relatively stable price (according to crypto market standards) for some time, which in theory should contribute to a greater use of cryptos as a means of payment.

At the same time, we should not forget other aspects: miners are selling the currencies they mine while the crypto is approaching $10,000, and investors expect a decrease in the supply of the currency following the halving."

According to CoinMarketCap’s ranking, 5 currencies on the top 10 are in green.

As for the market cap of all currencies listed in CoinMarketCap, it stays at $277,765,750,597.

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