Bitcoin has started the day posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $40,268.15 (+0.16%), according to CoinMarketCap.
For its part, Ether has fallen to $2,539.88 (-2.65%), while Tether remains unchanged at $1.
FxPro's team of analysts say:
"The price of Bitcoin has changed little over the past day, but remains above the psychologically important $40,000 level.
MicroStrategy has reported it intends to issue $1 billion worth of shares and will use some of the capital raised to buy BTC.
Bitcoin has shown a 20% price increase over the past week, however, the inability to move confidently higher after surpassing $40,000 could have a serious negative impact on the near-term outlook for the coin.
As for the SEC, the regulator has again put off its decision on Bitcoin ETFs, while such a resolution could provide further momentum to the growth of the cryptocurrency market. The US Congress will intensify its activity in assessing the situation in the crypto market by setting up a working group, which can be generally considered as bad news in the long run."
According to CoinMarketCap’s ranking, 8 currencies on the top 10 are in red.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $1,724,654,312,013.
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