Thursday, November 30, 2023

Week’s top 5 cryptocurrencies to keep an eye on are: BTC, ETH, NEAR, MANA, and LEO.

Volatility in the financial markets has impacted cryptocurrency as well, and here is a rundown on activity here.

Bitcoin prices have spiked sharply and hovered in the $42,000 range. This means that traders will see action in the altcoin domain as well. Last week, the total crypto market cap touched $1.78 trillion on Feb. 3, and on Feb. 6, 2 trillion. This data was published by CoinGecko. Senator Ted Cruz disclosed that he bought Bitcoin when its prices dipped. It is a given that he has already seen profits within a few days of buying.

The recovery of Bitcoin prices is surely a relief for the bull market, but this rally has induced traders with over $100,000 to sell. Does it look like Bitcoin can hold on to its current gains? Will altcoins join the party and see price hikes? Let’s take a look at the top 5 cryptos and what they may do.

· Bitcoin/USDT – Bitcoin prices soared and closed way above a 20-day price average at $39600. On Feb. 5, prices moved in a small range and traders who bought where prices were at their lowest didn’t rush in to sell.

· Ethereum prices also soared and touched $2839 on Feb. 4. This level is the strongest resistance, and the bear market may try to retain it or push prices down.

· NEAR, an altcoin protocol, reached an all-time high of $12.58 on Feb. 4. The bear market is trying to suppress price rises, but the bulls prevailed in this instance too.

· MANA Decentraland breached new territory with a price rise to settle at $2.70. This crypto is holding on to its gains.

· UNUS SED LEO also completed its rising trend when it breached barriers and closed at $3.92 on Feb. 1st. The price rise held in spite of the bear market.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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