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Bitcoin has started the workweek with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $41,905.88 (+0.46%), according to CoinMarketCap.

Chart of the USD/BTC trading pair from EXANTE

For its part, Ether has risen to $3,154.74 (+1.27%), while Tether remains unchanged and is now trading at $1.

FxPro's team of analysts say:

"The crypto market has received moderate support from retail buyers over the weekend. Over the past day, the capitalization of all coins has grown by 0.22%, according to CoinMarketCap, reaching $1.97 trillion. The major altcoins are losing between 11% and 19% over the past week, however, they found buyers over the weekend. The $2 trillion mark in total valuation of cryptos became local resistance last week, from where selling increased. However, strong buying on pullbacks still prevented the market from forming a downward spiral.

The greed and fear index of cryptos remained at 23 points over the weekend, in the extreme fear area. Since last November 18, this index has been moving in the lower half of the scale. Optimists, however, may note the indicator bounced off the 10 level. The drop here in May-July coincided with the lows within the momentum, hinting at the possibility of a technical rally.

Technical analysis also gives hope for a rebound in the BTC/USD pair, where the RSI on the daily charts is trying to break out of the oversold zone below 30, and the price is approaching the September pivot area."

According to CoinMarketCap’s ranking, 9 currencies on the top 10 are in green.

As for the market cap of all currencies listed in CoinMarketCap, it stays at $1,969,474,827,296.

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