Bitcoin has started the day with a negative dynamic. At press time, the largest cryptocurrency by market cap is trading at $37,600.45 (-0.78%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has fallen to $1,649.8 (-0.91%), while XRP has increased by 13.65% and is now trading at $0.440.
The head of the strategic and investment group Goldman Sachs Sharmin Mossavar-Rahmani said the high volatility of Bitcoin does not allow it to be a means of payment. She has added that for the same reason, the crypto also cannot be a store of value, Bloomberg has reported. During a briefing on the bank's outlook for 2021, Mossavar-Rahmani has stated:
"Something with a long-term volatility of 80% can’t be considered a medium of exchange… Just because everybody piles into an idea and talks it up doesn’t mean it’s a store of value."
According to CoinMarketCap’s ranking, 6 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $1,145,540,110,047.
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