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Bitcoin has started the day in a positive mood. At press time, the largest cryptocurrency by market cap is trading at $58,849.33 (+1.61%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ether has increased to $2,115.99 (+3.8%), while XRP has jumped by 29.59% and is now trading at $0.91.

FxPro's team of analysts say:

"Bitcoin is once again attempting to break above $60,000 driven by the general wave of market growth as well as news that MicroStrategy has invested another $15M in BTC. So far, however, these attempts appear uncertain and are losing steam. In total, the company holds more than $2B in Bitcoins.

On the one hand, the purchase can be considered as something positive for the crypto, but on the other hand, we see the market lacking momentum for further growth. If these minor purchases can get the market moving, then it would be bad news.

Bitcoin might be rising due to a combination of several factors, including the stock market rally following new promises of increased infrastructure spending by the Joe Biden administration, as well as amid excitement around the labor market. In addition to the most important psychological and technical level for Bitcoin, the crypto market is approaching another important symbolic level: the total capitalization of Bitcoin is about to cross the $2T mark.

Altcoins have become a real locomotive of the cryptocurrency market over the past few years and it is very likely that an increasing number of altcoins will be incorporated into the infrastructure for investing with large capital."

According to CoinMarketCap’s ranking, 9 currencies on the top 10 are in green.

As for the market cap of all currencies listed in CoinMarketCap, it stays at $1,983,169,763,957.

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