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Bitcoin has started the day posting minor gains. At press time, the largest cryptocurrency by market cap is trading at $56,983.73 (+1.92%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ether has increased to $4,299.34 (+4.46%), while Binance Coin has risen by 4.14% and is now trading at $588.27.

FxPro's team of analysts say:

"Since the start of the day, Bitcoin has added 1%, returning to the $56,500 level, where it was at the beginning of yesterday's trading. The crypto market has managed to maintain positive dynamics, adding 0.3% to its capitalization over the past 24 hours.

On the daily charts, the price of the BTC/USD pair remains near the lows of the last seven days, below the 50-day moving average, and the RSI indicator is approaching the 40 mark.

The fear and greed index has added 10 points, recovering to 42, but still in fear territory, mainly due to Bitcoin dynamics.

Just over a month ago, there was a trend toward a decline in Bitcoin's share of total crypto market capitalization. From a peak of 49.2% last October 19, Bitcoin's share fell to 41.7%."

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 $2,596,306,483,056.

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