Bitcoin has started the day in a negative mood. At press time, the largest cryptocurrency by market cap is trading at $44,308.30 (-1.91%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has fallen to $2,990.01 (-2.22%), while Cardano is up by 5.1% and is now trading at $2.1.
FxPro's team of analysts say:
"Bitcoin is down 2% to $44,300 and continues to fall, however, the pace has slowed. Trading volumes also remain low, indicating the crypto market is vulnerable to manipulation. Despite the workweek being in full swing, we have not received a clear response from institutional investors. It looks like large investors are simply focused on other areas of the traditional market.
The greed and fear index for Bitcoin and the largest cryptos remains at 70, which corresponds to the 'greed' area. The index has been kept up to date since last week. The Bitcoin dominance index has returned to 43.8%. The capitalization of the reference cryptocurrency is up to $832 billion. In the event of an increasingly certain approach to the $40,000 level, a wave of profit-taking in the cryptocurrency market is likely to begin."
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 $1,900,478,694,219.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.