Top 5 Currencies to Watch This Week: BTC, ADA, XLM, XMR, MANA

Top 5 Currencies to Watch This Week: BTC, ADA, XLM, XMR, MANA – Mail Bonus

The bears are trying to extend the Bitcoin (BTC) record with nine red weekly candles in a row for ten weeks, but the bulls are trying to avert this negative incident. Although sentiment remains negative, Arthur Hayes, former CEO of BitMEX, predicts that Bitcoin will bottom out between $ 25,000 and $ 27,000.

Data on a chain from Glassnode shows that smart money may have started collecting Bitcoin. Net outflows from major cryptocurrencies exchanges reached 23,286 Bitcoin on June 3, the highest since May 14.

Daily view of cryptocurrency market data. Source: Coin 360

Another positive sign of accumulation is that investment in Bitcoin (ETPs) was strong in May and has only increased further in the first two days of June, according to an Arcane Research report. ETPs have 205,000 Bitcoin under control, which is a new record.

Could Bitcoin come up and start recovering? If so, could selected altcoins follow the leader? Let’s study the charts of the top 5 cryptocurrencies that could lead the relief meeting.