Bitcoin has started the day experiencing few changes. At press time, the largest cryptocurrency by market cap is trading at $10,714.45 (+0.06%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $355.57 (+0.52%), while XRP has dropped by 0.68% and is now trading at $0.24.
FxPro's team of analysts say:
"Bitcoin has experienced few changes over the last 24 hours and is currently trading at around $10,750. However, the reference crypto has increased by almost 3% over the last week. Even though BTC's trading volume has declined by 14% over the last day, it still remains around $50B.
The new stock market and dollar catalysts can also immediately affect Bitcoin. The reference crypto has been above $10,000 for more than 60 days, with high trading volumes, which reflects the growing resistance of Bitcoin. Bitcoin is known for its volatility, especially in the short term, when an asset can go up or down tens of percentage points in just one day.
Bitcoin could become an asset that will increasingly acquire the properties of a 'traditional' asset, which, although it may register extreme turbulence, is not only stable in the long term, but also shows growth."
According to CoinMarketCap’s ranking, 5 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $344,468,859,117.
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