Bitcoin has started the week posting gains. At press time, the largest cryptocurrency by market cap is trading at $8,662.67 (+3.26%), according to CoinMarketCap.
Chart of the USD/BTC trading pair from EXANTE
For its part, Ethereum has grown to $168.31 (+3.89%), while XRP has jumped by 3.23% and is now trading at $0.229.
FxPro’s team of analysts say:
“Bitcoin has started the week growing by more than 3% and is currently trading at around $8,650. After suffering a corrective decline after New Year’s rally, the bulls have managed to demonstrate the $8,300 level has become a temporary support for the market. The Bitcoin index of greed and fear stays at 50, reflecting a ‘neutral’ attitude to the situation.
Bitcoin hard forks have also received an impressive support: Bitcoin Cash (+15%), Bitcoin SV (+8%), Bitcoin Gold (+14%) and Bitcoin Diamond (+11%). This jump in demand is probably the result of speculative interest.
Altcoins are also enjoying healthy growth, and market participants do no longer look for reasons behind growth, as growth is more than enough for them.”
According to CoinMarketCap’s ranking, 10 currencies on the top 10 are in green.
As for the market cap of all currencies listed in CoinMarketCap, it stays at $239,455,970,034.
TheBitcoin Gold network has recently suffered a 51% attack.
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