Top 3 Cryptocurrencies to Watch this week
The cryptocurrency market is making another recovery. Bitcoin (BTC) has hit the $87,000 mark. The global crypto market cap has risen 0.6% in the last 24 hours to $2.85 trillion. Most major crypto assets are trading in the green zone today. The surge comes as a sign of hope for many investors amid global uncertainties.
Also Read: USD Collapse: US Dollar Crashes 10% YTD, Gold Prices Reach Near $3,400
Why Is The Cryptocurrency Market Up Today?
The market resurgence could be due to a rise in investor confidence. The recent trade war between the US and its partners led to substantial liquidations. The stock and cryptocurrency markets witnessed a bloodbath earlier this month. Investors may have regained their confidence as things slowly settle down.
Also Read: Cardano (ADA) to $1: What’s Stopping A Potential Rally
The low price may have pushed investors to buy at a cheaper price. BlackRock’s IBIT Bitcoin ETF purchased $81 million worth of the asset on Apr. 17. The move may have inspired other investors to go on a buying spree as well. The original cryptocurrency breached the $87,000 mark for the first time since Apr. 2.
Top 3 Cryptocurrencies To Watch This Week
1. Ripple (XRP):
Ripple’s XRP token might be the hottest cryptocurrency to watch this year. The SEC closed its lawsuit against Ripple earlier this year. The lawsuit was one of the most substantial barriers to the asset.
2. Dogecoin (DOGE):
DOGE recently celebrated Dogeday on Apr. 20. The cryptocurrency has an active ETF application with the SEC. A DOGE ETF may lead to a massive price spike for the asset. DOGE may even hit a new all-time high if an ETF is approved.
3. Shiba Inu (SHIB):
Also Read: BRICS Makes Huge Announcement On New Payment System
SHIB is another meme cryptocurrency that could see a continued rally over the coming week. Low prices could prove to be an excellent entry point for many investors.
Read More
SEC Chair Paul Atkins Says Crypto Sector Deserves Clear Regulation
Ark Invest Projects Bitcoin Price to Hit $2.4 Million by 2030
Top 3 Cryptocurrencies to Watch this week
The cryptocurrency market is making another recovery. Bitcoin (BTC) has hit the $87,000 mark. The global crypto market cap has risen 0.6% in the last 24 hours to $2.85 trillion. Most major crypto assets are trading in the green zone today. The surge comes as a sign of hope for many investors amid global uncertainties.
Also Read: USD Collapse: US Dollar Crashes 10% YTD, Gold Prices Reach Near $3,400
Why Is The Cryptocurrency Market Up Today?
The market resurgence could be due to a rise in investor confidence. The recent trade war between the US and its partners led to substantial liquidations. The stock and cryptocurrency markets witnessed a bloodbath earlier this month. Investors may have regained their confidence as things slowly settle down.
Also Read: Cardano (ADA) to $1: What’s Stopping A Potential Rally
The low price may have pushed investors to buy at a cheaper price. BlackRock’s IBIT Bitcoin ETF purchased $81 million worth of the asset on Apr. 17. The move may have inspired other investors to go on a buying spree as well. The original cryptocurrency breached the $87,000 mark for the first time since Apr. 2.
Top 3 Cryptocurrencies To Watch This Week
1. Ripple (XRP):
Ripple’s XRP token might be the hottest cryptocurrency to watch this year. The SEC closed its lawsuit against Ripple earlier this year. The lawsuit was one of the most substantial barriers to the asset.
2. Dogecoin (DOGE):
DOGE recently celebrated Dogeday on Apr. 20. The cryptocurrency has an active ETF application with the SEC. A DOGE ETF may lead to a massive price spike for the asset. DOGE may even hit a new all-time high if an ETF is approved.
3. Shiba Inu (SHIB):
Also Read: BRICS Makes Huge Announcement On New Payment System
SHIB is another meme cryptocurrency that could see a continued rally over the coming week. Low prices could prove to be an excellent entry point for many investors.
Read More
SEC Chair Paul Atkins Says Crypto Sector Deserves Clear Regulation