Bitcoin has started the week with a positive sentiment. At press time, the largest cryptocurrency by market cap is trading at $33,349.59 (+2.32%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has increased to $1,408.49 (+7.39%), while XRP has grown by 0.73% and is now trading at $0.276.
FxPro's team of analysts say:
"Bitcoin has managed to stay above $30,000, and this is the main good news for the crypto market. Over the past 24 hours, the benchmark cryptocurrency has added about 2% and is currently trading at around $33,500. The greed and fear index for Bitcoin and the largest cryptocurrencies has risen 4 points over the past day to 74, which corresponds with the 'greed' area. Meanwhile, the RSI on the daily chart also reflects a moderate market situation and room for further growth. The total capitalization of cryptocurrencies is hovering around $1T, unable to confidently break above the level.
Ether (ETH) is currently experiencing surprising price dynamic, reaching close to $1,500, a level at which it has again faced pressure from sellers. The development team continues to make progress towards its goals for the transition to Ethereum 2.0, providing the cryptocurrency with growth boosts.
Joe Biden has appointed cryptocurrency supporter Gary Gensler as SEC director, something market participants see as positive news for the industry as a whole. MicroStrategy is showing positive sentiment, investing $10M in Bitcoin at a price above $31,000 each coin, but even so, this is a fairly insignificant investment to return to overall growth."
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 $988,486,727,873.
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