Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $54,523.66 (+1.83%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has increased to $1,817.57 (+0.14%), while XRP has dropped by 1.84% and is now trading at $0.47.
FxPro's team of analysts say:
"Bitcoin has registered zero price dynamic over the past day and is currently trading at around $54,000. The overnight high has been around $56,000, from which sells have intensified. However, the market sentiment is upbeat, as Bitcoin has been able to consolidate its position. At the current stage, market participants will perceive even failed attempts to test the recently established all-time high around $57,000 as positive.
The greed and fear index for Bitcoin and the largest cryptocurrencies has suffered a 13-point drop over the past 24 hours to 68, which corresponds with the 'greed' area. This is all due to the nature of the index, which reflects somewhat late information based on data history. The RSI index for the BTC/USD pair on the daily chart is in the neutral area, leaving room for growth. In this situation, any positive news trigger, even of a relatively small scale, could lead to further growth."
According to CoinMarketCap’s ranking, 7 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $1,687,889,899,325.
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