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Bitcoin has started the day in a positive mood. At press time, the largest cryptocurrency by market cap is trading at $63,951.47 (+2.91%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ether is up to $3,848.97 (+1.29%), while Binance Coin has dropped by 1.09% and is now trading at $485.5.

Recall that last April 14, the price of Bitcoin stopped growing between the levels of $64,800 and $64,900. The maximum price of the crypto was set on Coinbase at $64,899.

FxPro's team of analysts say:

"Bitcoin has added another 2% over the past day and is trading at around $64,000. BTC may soon reach an all-time high. The first Bitcoin ETF started trading yesterday on the New York Stock Exchange, as a result, Bitcoin has reacted by rising, approaching the level coveted by many.

However, it is difficult to qualify the current momentum as a breakout, and if the currency does not show a buildup in momentum, many investors will begin to question its ability to continue rising, remembering the saying 'buy on rumors, sell on facts.'

The Bitcoin dominance index has reached 47.7%, reflecting strong investor demand for the reference crypto. The major altcoins are currently not attracting investors' attention. The greed and fear index has reached 82 points, which corresponds to the 'extreme greed' area. The RSI for the BTC/USD pair continues to rise on the daily chart and is approaching 75, remaining in the overbought area.

The market as a whole is in limbo and, at this point, the phrase 'what doesn't grow, eventually falls' may become especially relevant."

According to CoinMarketCap’s ranking, 6 currencies on the top 10 are in red.

As for the market cap of all currencies listed in CoinMarketCap, it stays at $2,530,979,654,032.

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