Main page News, Bitcoin

Bitcoin has started the day posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $60,920.43 (+0.82%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ether has increased to $2,161.98 (+0.32%), while XRP has jumped by 22.88% and is now trading at $1.63.

FxPro's team of analysts say:

"Bitcoin has added about 2% over the past 24 hours to $61,300, continuing its attempts to gain a foothold above the round psychological level, which recently was a significant selling trigger. Yesterday, the currency broke above its all-time high, reaching $61,200, after which it faced further pressure from sellers. However, in reality, this has turned out not to be strong enough, leaving the currency above the $60,000 threshold.

We can now see an inflection point in Bitcoin's future prospects, as it becomes clear that the crypto market in general and the leading crypto in particular are not ready to stop, let alone make a turnaround. The total cryptocurrency market cap is approaching $2.1T, while the Bitcoin dominance index continues to decline, falling to 54%. The greed and fear index has remained unchanged over the past 24 hours, remaining in the 'greed' area at around 74 points, suggesting there is still room for continued growth.

MicroStrategy continues its attempts to stimulate Bitcoin price growth, only this time not by buying another batch of Bitcoins, but by announcing its board members will receive their salaries in Bitcoin."

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 $2,093,737,750,241.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error