Bitcoin has started the first day of the workweek with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $39,677.68 (+12.2%), according to CoinMarketCap.
For its part, Ether has risen to $2,503.8 (+7.3%), while Tether has increased by 0.6% and is now trading at $1.01.
The price of the reference crypto ended last week trading at around $36,000, and has been showing little change over the weekend until yesterday afternoon, when the digital currency started to rise dramatically driven by buyers to approach the psychological barrier of $40,000.
It is worth noting the rest of the altcoins seem to be following the lead of the largest cryptocurrency in the market, as all of the top 10 coins are in green.
BTC might surpass $40,000 later today, as the current growth over the last 24 hours is over 12%, so if the momentum holds, we will see the cryptocurrency break above the psychological $40,000 barrier later today.
The fear and greed index has reached its lowest level since the March 2020 mass sell-off initiated by the covid-19 pandemic. It currently stands at 28 points in the fear area.
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 $1,693,404,664,976.
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