Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $9,386.61 (+0.12%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $233.65 (+0.97%), while XRP has dropped by 0.08% and is now trading at $0.187.
FxPro's team of analysts say:
"Bitcoin deviated slightly from $9,500 last week. At the start of the new workweek, the situation has not changed, as the price of the reference crypto remains almost unchanged at around $9,400. Trading volumes remain stable at about $16B. The greed and fear index has not changed either since last week and remains in the 'fear' area. On the other hand, the RSI index remains in 'neutral' territory waiting for further triggers.
It is essential that investors put off any decisions regarding cryptos. This is due to uncertainty regarding the situation in the traditional financial market, which, even if it is not in a massive decline, has little basis for further growth. The $10,000 barrier has become a serious resistance level for Bitcoin. More and more participants in the crypto community believe this level could be considered a maximum, while multiple unsuccessful attempts to break it could lead to a sell-off."
According to CoinMarketCap’s ranking, 8 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $267,213,081,600.
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