Bitcoin has started the workweek posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $36,167.53 (+3.99%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has increased to $1,216.12 (+2.62%), while XRP has jumped by 3.18% and is now trading at $0.284.
FxPro's team of analysts say:
"Although the $40,000 remains an impregnable level for Bitcoin, there is still reason for optimism. The benchmark crypto remains above $35,000, however, it is showing moderate decline waves after failing to exceed $40,000. Over the past 24 hours, BTC has lost almost 2% of its value, starting the week with a negative trend. Altcoins have taken a break in anticipation of new Bitcoin triggers. The Bitcoin dominance index stands at 66%, experiencing a gradual decline after reaching peaks above 72%.
As a result, the cryptocurrency market is moving according to a knurled scenario in which the demand for the largest crypto is gradually moving towards the main altcoins, and then towards the rest of the coins, including the smaller ones. The total capitalization of the crypto market has again fallen below $1T due to the fall of Bitcoin and other currencies. The greed and fear index has experienced a drop of 11 points from last week to 79, which, although it corresponds to the 'extreme greed' area, it is still in a more moderate form.
BTC is undergoing a consolidation process close to occupied levels, and during the workweek could see further attempts to exceed $40,000 or succumb to downward pressure and re-test levels near the lower limit of $30,000."
According to CoinMarketCap’s ranking, all currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $1,015,009,871,215.
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