The most popular cryptocurrencies are growing smoothly on Monday, but according to the StormGain cryptocurrency trading platform, the growth rate does not exceed 1-2% for individual instruments.
At the same time, bitcoin looks better than other assets, which is holding above the psychological mark of 12 thousand dollars - a level that it could not hold last week. Bitcoin capitalization is more than $ 200 billion, this level was previously achieved only at the beginning of the year before last.
In general, the market began to perceive bitcoin as a kind of protective asset, equivalent to gold, therefore, in a difficult situation in the global financial markets, investors begin to invest in this digital currency.
The market is held back from more significant growth by the news that cryptocurrency exchange Coinbase has increased the confirmation time for Ethereum Classic deposits to two weeks, and it has already been heavily criticized among market participants for these strict security measures.
Probably, in the near future, the most popular cryptocurrencies will continue to show moderate growth due to the interest of investors in alternative investment instruments. Bitcoin has a chance to rise in price up to $12,200, Bitcoin Cash - up to $310, Ethereum - up to $410, XRP - up to $0.3, and Litecoin - up to $60.