Bitcoin has started the day with a negative dynamic. At press time, the largest cryptocurrency by market cap is trading at $9,271.13 (-0.08%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $239.71 (+1.06%), while XRP has jumped by 6.83% and is now trading at $0.197.
FxPro's team of analysts say:
"Bitcoin has shown little changes over the last day, while most altcoins are still in positive territory. It should be noted the Bitcoin dominance index has lost almost 2% of its value over the last seven days. This has always been seen as positive for the crypto market, as it indicates a wider interest in it. Cardano (ADA) is the crypto with the highest growth in the top 10 with a rise of 23% during the last 24 hours.
In addition, it is worth mentioning Dogecoin has risen an outstanding 53% in just one day. It looks like this jump has come after the publication of a viral video on TikTok about the prospects of making money quickly with cryptos. It seems cryptos should develop new platforms to promote themselves among young investors.
The greed and fear index has stagnated in the 'fear' area since last week. However, it is very close to 'neutral' territory, which shows Bitcoin could go either way. The RSI is in the same range."
According to CoinMarketCap’s ranking, 9 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $271,553,332,797.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.