Saturday, October 1

Top 5 Cryptocurrencies to Watch This Week: BTC, MATIC, NEAR, ATOM, HNT By CoinTelegraph

© Reuters. The 5 cryptocurrencies to watch out for this week: BTC, MATIC, NEAR, ATOM, HNT

After hovering above $ 50,000 on Christmas Day, () faced selling pressure on December 26. One of the reasons for the possible fall in the price of Bitcoin is the increase in entries on the Binance exchange. Data analytics account Material Scientist said Binance’s entries could be due to “a new player.”

While Bitcoin is almost certain to miss PlanB’s floor model price projection of $ 135,000 for December, the creator of the stock-to-flow pricing model remains bullish. He said that Bitcoin’s price at $ 51,000 remains within one standard deviation of the model, keeping the forecast of $ 135,000 for this halving cycle in play.

  • Countdown to Annual Close: 5 Things to Keep in Mind About Bitcoin This Week

Daily view of cryptocurrency market data. Source: Coin360 Several asset managers have added Bitcoin to their portfolios in 2021, but former UK Chancellor Lord Hammond has warned retail investors to be “extremely cautious” when investing in cryptocurrencies. He said that “it almost certainly is not. suitable for retail investors as a primary investment category. “

Read the full article on Cointelegraph

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Leave a Reply

Your email address will not be published.