Bitcoin has started the day with a positive dynamic. At press time, the largest cryptocurrency by market cap is trading at $15,231.78 (+1.5%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $444.68 (+1.69%), while XRP has dropped by 0.27% and is now trading at $0.25.
FxPro's team of analysts say:
"Bitcoin has grown by about 3% over the past 24 hours to $15,400. On Saturday, the crypto experienced a slight fall to $14,500, however, at the beginning of the workweek, the crypto has managed to exceed $15,000 again. The Bitcoin dominance index has stabilized at about 64%. Along with the stabilization of the Bitcoin price, the trading volume has returned to average values of around $35B. Just as the crypto approached $16,000, this indicator hit $76B, a very high value considering historial levels.
Trump's statements after failing to get a vote recount and Biden's victory have not caused a shockwave in the markets. During the election week, both the S&P 500 index and Bitcoin have recovered. The greed and fear index for Bitcoin and the largest cryptos has added 8 points over the last day and is currently in the 'extreme greed' area with about 90 points. The closer the indicator is to 100, the greater the likelihood of a correction."
According to CoinMarketCap’s ranking, 8 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $438,703,474,130.
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