Bitcoin has started the last day of the workweek with a negative dynamic. At press time, the largest cryptocurrency by market cap is trading at $56,060.19 (-1.26%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has increased to $3,462.6 (+0.92%), while Binance Coin has dropped by 2.64% and is now trading at $623.09.
FxPro's team of analysts say:
"Bitcoin has lost about 2% of its value over the past day and is currently trading at around $56,000. However, the currency is still showing a 3% gain for the week. The greed and fear index for Bitcoin and the largest cryptos stands at 64, which corresponds with the 'greed' area. The indicator shows there is room for growth for the reference digital currency. In the future, Bitcoin could find support in news about Revolut, Europe's largest financial app, which has added the possibility to withdraw Bitcoins, although so far this functionality is only available to UK users with a special type of account. While this probably won't directly affect BTC, this kind of news seriously enhances the reputation of cryptocurrencies.
In addition, Fidelity National has teamed up with NYDIG, a crypto custody service, to allow US banks to offer their customers the possibility to buy, sell or hold Bitcoin. This backdrop of positive news is likely to be seriously diluted by the news that a US court has ordered cryptocurrency exchange Kraken to provide the IRS with information about its customers' activity between 2016 and 2020, which could well prevent the asset from rising again and starring in another attempt to test $60,000."
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 $2,371,640,058,114.
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