A team of analysts at FxPro said:
“Bitcoin spent the weekend sideways, hovering at $9600. The trading volume fell by nearly 44%. Apparently, for some time, the entire cryptocurrency market has lost investor interest. But index of dominance BTC, which reached to the beginning of a new week high at 69.4%, which indicates a continued trend of sales altcoins in favor of bitcoin.
Monday morning BTC is showing signs of recovery price dynamics, adding in the last day almost 1.5% and hovering around $9800. Leading altcoins demonstrate the dynamics close to zero, reinforcing the feeling of indifferent behaviour of investors in relation to cryptocurrencies at the moment”.
Earlier, despite the stagnation of the stock market, bitcoin hash rate and the complexity of the extraction of the first crypto-currencies has reached record levels.
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