Bitcoin has started the last day of the workweek posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $46,245.01 (+0.23%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has fallen to $3,417.49 (-1.55%), while Cardano has dropped by 1.88% and is now trading at $2.48.
FxPro's team of analysts say:
"Thursday started with a new boom in altcoins, however, Bitcoin decided to stay put, and overnight other cryptos also slowed their growth rates. BTC is currently trading at around $46,600.
Many are interested in the fact that its price fell sharply by 20% earlier this week and how this could affect Bitcoin's overall movement. If we see an uptrend, it will clearly run into a strong resistance level at $56,000, which will not be easy to break, but possible. As we have said previously, then the path will open up to the psychologically key $60,000 level, which is even stronger."
According to CoinMarketCap’s ranking, 7 currencies on the top 10 are in red.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $2,099,800,297,435.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.