Top 5 cryptocurrencies to watch this week: BTC, LTC, LINK, VET, AXS

Top 5 cryptocurrencies to watch this week: BTC, LTC, LINK, VET, AXS


Bitcoin’s (BTC) bullish sentiment received a minor setback on Nov. 12 afte the Securities and Exchange Commission (SEC) rejected VanEck’s Bitcoin exchange-traded product that planned to track Bitcoin’s spot price.

However, this negative development was followed by the successful activation of the Taproot soft fork on November 13. Bitcoin developer Hampus Sjöberg, who runs a Taproot dedicated website, told Cointelegraph that the “greatest win” was that Taproot showed that Bitcoin could do network upgrades and that was important for the longevity of the network.

Crypto market data daily view. Source: Coin360

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Analysts from Decentrader also pointed out that Bitcoin’s last major upgrade was the implementation of Segwit in August 2017 and this was followed by a sharp rally from $4,000 to $20,000 in four months.

Could Bitcoin repeat its previous bullish performance

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