Cryptocurrency News
Top 5 cryptocurrencies to watch this week: BTC, ADA, XLM, XMR, MANA
2022.06.06 03:48
Top 5 cryptocurrencies to watch this week: BTC, ADA, XLM, XMR, MANA
The bears are trying to extend Bitcoin’s (BTC) record of nine consecutive red weekly candles to ten weeks, but the bulls are trying to avert this negative occurrence. Although sentiment remains negative, Arthur Hayes, former CEO of derivatives giant BitMEX, anticipates Bitcoin to bottom out in the range of $25,000 to $27,000.
On-chain data from Glassnode shows that smart money may have started accumulating Bitcoin. The net outflows from major cryptocurrency exchanges reached 23,286 Bitcoin on June 3, the highest since May 14.
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