Bitcoin has started the day posting minor losses. At press time, the largest cryptocurrency by market cap is trading at $66,704.47 (-1.98%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has fallen to $4,718.94 (-1.76%), while Binance Coin has increased by 0.08% and is now trading at $646.26.
FxPro's team of analysts say:
"Bitcoin has lost about 2% from yesterday's all-time high and is trading near $66,500, in line with October's highs. This pullback indicates an attempt by investors to take profits after the recent growth and look around. Selling prevailed in the stock market the previous day, and this has shifted the balance of power in favor of sellers.
On the daily candlestick charts, the RSI is pulling back today, remaining in the area below 70 points. The fear and greed index has fallen 9 points to 75, its typical values for the past four weeks.
Overall, this reflects a very cautious state among buyers in the crypto market.
A wide variety of large altcoins are also coming under some pressure."
According to CoinMarketCap’s ranking, all currencies on the top 10 are in red.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $2,899,168,095,247.
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