Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $9,098.81 (+0.77%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $223.83 (+1.24%), while XRP has fallen by 0.41% and is now trading at $0.176.
FxPro's team of analysts say:
"Bitcoin has started to receive the attention of buyers after falling to $9,000. At the start of this new workweek, the reference crypto is trading at around $9,100. Even though the crypto is receiving support after every effort by bears to bring it down, it is clear both highs and lows are falling. Thus, BTC has lost 3% of its value over the past week.
The greed and fear Index remains stable in the 'fear' area, while the RSI index is in the neutral zone, and although this suggests there is still room for growth, the market is clearly experiencing difficulties to find drivers that can help it maintain a positive trend. Bitcoin has recently experienced a positive correlation with the stock market, so it is worth noting that at the end of the trading session, indices have posted a decline and that the dynamics of the beginning of the workweek could determine cryptos' short-term future direction."
According to CoinMarketCap’s ranking, 6 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $258,335,818,866.
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