Bitcoin has started the day in a positive mood. At press time, the largest cryptocurrency by market cap is trading at $63,050.83 (+2.36%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has increased to $4,588.53 (+5.47%), while Binance Coin is up by 2.45% and is now trading at $553.05.
FxPro's team of analysts say:
"The market capitalization of cryptocurrencies has surpassed $2.7 trillion over the past day, reaching new all-time highs after adding 3%. At the same time, the price of Bitcoin has experienced a 2% increase, clearly indicating cryptos are growing on a broad front.
Last night, Bitcoin briefly rose above $64,000, however, it has retreated to levels near $63,000 this morning, slowing its growth momentum a bit. Either way, the RSI on the daily charts is at 60, cooling sufficiently from the October rally and reflecting the market is cool enough to continue rallying. The greed and fear index has risen to 76, a weekly high that indicates a shift in the focus of cryptocurrency enthusiasts, but not in the overall alertness.
The fact that BTC hit new all-time highs early last month is encouraging to look for new cryptocurrencies with upside potential."
According to CoinMarketCap’s ranking, 7 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $197,745,646,650.
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