Bitcoin has started the day posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $10,738.68 (+3.8%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $375.74 (+3.26%), while XRP has increased by 1.73% and is now trading at $0.246.
FxPro's team of analysts say:
"After consolidating above $10,000, Bitcoin has made another attempt to grow beyond $10,500. The reference crypto has posted a growth of almost 4% over the last 24 hours and is currently trading at around $10,750. The next resistance level could be at $11,300. If Bitcoin is able to grow to $11,500, which would act as a resistance level, it could try again to go above $12,000.
Due to the desire of governments to launch their own national stablecoins, major EU countries have already called for a stricter regulation of stablecoins operating in their territory. Other leading economies will likely start to adopt similar measures.
A tighter regulation of stablecoins is likely to lead to further restructuring towards greater independence from the traditional market, where Bitcoin may again be the winner, as it has greater recognition as well as a better infrastructure to interact with the traditional market."
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 $349,292,327,129.
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