Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $10.250,73 (+5.88%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $326.18 (+6.7%), while XRP has dropped by 1.85% and is now trading at $0.217.
FxPro’s team of analysts say:
“Bitcoin has once again exceeded the $10,000 barrier and, supported by growing trading volumes, is now trading at around $10,200. The reference crypto has jumped by almost 6% over the last 24 hours, however, Ethereum has recorded an even more significant growth after rising 7% to over $300. This morning it is trading at $324.
The greed and fear index is now in the greed area, approaching overbought levels. The RSI is showing a similar trend after reaching the overbought area following a sharp jump. Now it is time to understand how optimistic the buyers’ intentions are and how patient bears are.
The situation about possible Bitcoin correlations now seems more confusing than ever. The stock indices no longer follow the movements of the reference crypto. At the moment, market participants are again paying attention to the correlation with gold and even more with silver.”
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 $307,916,147,031.
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