Bitcoin has started the day posting gains. At press time, the largest cryptocurrency by market cap is trading at $43,850.84 (+2.8%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ether has risen to $3,355.7 (+3.84%), while Binance Coin is up by 5.16% and is now trading at $486.46.
FxPro's team of analysts say:
"The value of the crypto market has grown by almost 3% over the past day to $2.07 trillion. Surpassing the $2 trillion barrier has pushed demand for coins beyond the top 10.
Apart from this, Bitcoin has enjoyed demand due to the push towards risk assets in traditional financial markets and the weakening dollar. Since the start of the week, Bitcoin has been slightly behind the entire crypto market, reducing its share to 40%. It has recently rallied as altcoins have fallen.
However, it is still too early to talk about the start of a new rally. The crypto market remains 30% below its peaks in early November, and the capitalization growth is progressing very cautiously and unevenly.
Yesterday we saw impulsive growth that is not building as we head into Thursday's trading day. Confirmation of bull strength could turn into consolidation above $45,000. Until then, it is only reasonable to talk about a bounce within the current bearish channel."
According to CoinMarketCap’s ranking, all currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $2,082,655,777,152.
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