Saturday, September 30

Top 5 Cryptocurrencies to Watch This Week: BTC, LUNA, ATOM, ACH*, FTM By Cointelegraph

©Reuters. Top 5 Cryptocurrencies to Watch This Week: BTC, LUNA, ATOM, ACH*, FTM

(BTC) price fell close to $34,000 on Jan 21, reflecting a 50% decline from the all-time high of $69,000 reached on Nov 10, 2021. Altcoins also failed to buck the trend and faced intense selling pressure, dragging the total cryptocurrency market capitalization to $1.6 trillion, down 46% from its November 2021 all-time high of close to $3 trillion.

It’s not just the cryptocurrency markets that are facing sell-off from investors. The S&P 500 has also tumbled 8% so far this year. However, it has outperformed and is up around 1.76% over the period, cementing its position as a safe haven asset.

Daily cryptocurrency market data. Source: Coin360 Several retail traders who bought bitcoin near its all-time high are raising concerns on social media. However, the president of El Salvador, Nayib Bukele, does not seem to be worried about the recent drop, as he recently announced the purchase of 410 bitcoin at an average price of approximately $36,585 per coin.

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.