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Bitcoin has started the day with a negative dynamic. At press time, the largest cryptocurrency by market cap is trading at $9,189.43 (-4.66%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum has fallen to $233.01 (-5.74%), while XRP has dropped by 3.97% and is now trading at $0.182.

FxPro's team of analysts say:

"The price of Bitcoin fell below $9,000 on Thursday morning, testing the 50-day average. This drop comes just three days after the crypto failed to exceed $9,700.

The mood of the crypto market participants is increasingly negative, however, it is optimistic enough to keep the crypto above $9,000. This sort of situation often breaks the patience of investors. The greed and fear index has lost 7 points and has fallen to the 'fear' area. The RSI has fallen from the neutral area. Now it is essential to monitor the dynamics of the reference crypto near $9,000 and less, up to $8,300, where the 200 days average is. Falling below these levels could lead to a greater drop."

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 $261,407,581,401.

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