Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $9,514.45 (+1.82%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $262.8 (+7.87%), while XRP has increased by 2.34% and is now trading at $0.202.
FxPro's team of analysts say:
"Bitcoin keeps pleasantly surprising the crypto community after growing by more than 1.5% over the past day and reaching $9,500. The stock market, to which Bitcoin has recently correlated, is showing a much more modest growth. However, the most important resistance level is still at $10,000, which means that market participants will not consider any positive change below this level as a statistical deviation. The greed and fear index has climbed 5 points in the last 24 hours and is in the 'greed' area. The RSI has followed suit and has risen from 'neutral' territory.
Bitcoin is currently in a very important stage, since if the correlation with the stock market is broken, the crypto could enjoy an additional boost from buyers attracted by the independent dynamic of the asset. However, investors are currently very limited in their choice of assets, as there are no 'safe havens' left and stock indices have not changed much for quite some time, so any independent activity could be considered positive."
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 $284,236,284,221.
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