Bitcoin (EXANTE: Bitcoin) has started the week with a negative dynamic. At press time, the largest cryptocurrency by market cap is trading at $11,323.4 (-0.19%), according to CoinMarketCap.
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Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum is trading at $371.7 (-0.34%), while XRP has dropped by 1.79% and is now trading at $0.251.
FxPro's team of analysts say:
"While the current price level was already tested at the end of August, and then bitcoin was defeated in an attempt to bounce off it above $12,000, the new efforts of the benchmark cryptocurrency cheered the crypto market participants. It is believed that bitcoin will switch into a real bull cycle after surpassing $13,000. Currently, that's out of the question, however, given the volatile nature of cryptocurrencies and various factors, including public interest in bitcoin "smart money" like Square or MicroStrategy, there is still a chance it might happen. In addition, momentum could come from the traditional market if a new stimulus package is approved."
iHodl earlier reported that hackers who managed to steal over $26 million from the Bitfinex cryptocurrency exchange separated stolen bitcoins into seven transactions, each of which ranged between $4.18 million - $4.85 million in BTC. Only one transaction was approximately $12,400.
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