Top 5 cryptocurrencies to watch this week: BTC, SOL, LTC, LINK, BSV

Top 5 cryptocurrencies to watch this week: BTC, SOL, LTC, LINK, BSV


Bitcoin (BTC) plummeted to $17,622 on June 18. This marked the first time in Bitcoin’s history that it has fallen below its previous cycle high. The United States Federal Reserve’s aggressive monetary tightening, a crisis at crypto lending platform Celsius and liquidity issues at investment fund Three Arrows Capital are creating a sense of panic among traders.

Markets commentator Holger Zschaepitz said that Bitcoin has crashed more than 80% four times in history. That puts the current fall of about 74% within historical standards. Previous bear markets have bottomed out just below the 200-week moving average, according to market analyst Rekt Capital. If history repeats itself, Bitcoin is unlikely to stay at the current depressed levels for a long time.

Crypto market data daily view. Source: Coin360

Trending: “You’re a F*cking Scumbag!” – Staten Island Supermarket Worker Physically Assaults Rudy Giuliani (VIDEO)

Coinglass

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend