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Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $9,605.08 (+2.23%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum has grown to $242.21 (+3.57%), while XRP has jumped by 0.59% and is now trading at $0.188.

FxPro's team of analysts say:

"Bitcoin price is undergoing some changes over the past few days. After falling to $9,200 on Friday, it started to rise yesterday to $9,600, a level at which it has stabilized this morning. This growth has also been supported by a 25% increase in trading volumes. The most favorable scenario for Bitcoin would be a smoother and more consistent growth, even after the $10,000 mark. However, there are currently many factors that might make it difficult for Bitcoin to reach such scenario.

There are some circumstances that could have a positive impact on the crypto market. Firstly, Bitcoin needs to get rid of the correlation with the stock market. The crypto was conceived as a counterweight to the traditional financial system, and a clear reverse movement would attract cash flows. In addition, new investors would be attracted by the growth of altcoins (the top ones). And the third important point could be the appearance of new crypto 'unicorns'. The market has not lived up to the expectations of its supporters as it has been quite some time since any notable project appeared, so the emergence of a crypto of this kind could become a boost for retail investors. In the meantime, all attention is once again focused on the $10,000 mark, which has become a kind of glass ceiling for the whole crypto market."

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 $273,140,734,415.

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