On Wednesday, July 28, bitcoin (EXANTE: Bitcoin) recovers above the $39,000 mark. As of press time, the largest cryptocurrency by market capitalization is up by 6.6% and is trading at $39,664.65, according to EXANTE.
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Chart of the USD/BTC trading pair from EXANTE
Ether (ETH), for its part, is up by over 2.9% at $2,269.66, while binance coin (BNB) loses 1.95% and is now trading at the $310.65 mark.
FxPro's team of analysts says bitcoin rises without an increase in trading volumes, which should set investors up for a cautious attitude towards the current dynamics:
"With the help of relatively low trading volumes, bitcoin can be given an impetus to convince the crowd in a sharp reversal of prospects, and after a price rebound, take profit and launch a real round of correction."
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