Bitcoin held its positions at the end of the weekend. At the beginning of the new working week, the benchmark cryptovoltaic currency demonstrates about zero price dynamics and trades at about $18,400. This is great news for the whole sector, as it confirms the active position of bulls in the market.
During the last day bears made several attempts to push the BTC down. One of the attempts was more effective, and Bitcoin fell to $17,700, but buyers immediately came to the aid and pushed the coin to $18,600, from where it moderately adjusted to the current values. However, the Bitcoin showed more than 14% growth over the week. The altoin market has not only picked up the positive dynamics, but also significantly developed it. The breakthrough of the week was XRP, which has recently jumped by 68%.
Bitcoin dominance index against this background has fallen by almost 2% over the week. This is positive news for the sector, as it indicates a broad interest in the industry as a whole. The Greed and Fear Index has fallen by 4 points over the last 24 hours, but still remains in the "extreme greed" mode. In theory, this should indicate a high probability of a broad correction, but now the market is in a mode where FOMO is able to level out technical indicators.