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Top 5 cryptocurrencies to watch this week: BTC, ETH, XTZ, KCS, AAVE

2022.05.30 00:50

Top 5 cryptocurrencies to watch this week: BTC, ETH, XTZ, KCS, AAVE
Top 5 cryptocurrencies to watch this week: BTC, ETH, XTZ, KCS, AAVE

After declining for eight successive weeks, the Dow Jones Industrial Average rebounded sharply last week to finish higher by 6.2%. However, Bitcoin (BTC) has not been able to replicate the performance of the United States equities markets and is threatening to paint a red candle for the ninth week in a row.

A positive sign is that Bitcoin whales have been buying the market correction. Glassnode data shows that the number of Bitcoin whale wallets with a balance of 10,000 Bitcoin or more has risen to its highest level since February 2021. The accumulation in the whale wallets suggests that their long-term view for Bitcoin remains bullish.

Coin360KCS/USDT daily chart. Source: TradingView

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