Thursday, September 29

Top 5 Cryptocurrencies To Watch This Week: BTC, LUNA, FTM, ATOM, ONE By CoinTelegraph

© Reuters. Top 5 Cryptocurrencies to Watch This Week: BTC, LUNA, FTM, ATOM, ONE

The price of () continues to languish below the psychological level of $ 50,000 in the early days of the new year, indicating a lack of aggressive buying by traders. Former BTCC CEO Bobby Lee said the exodus of Chinese traders who had until December 31 to exit Chinese exchanges may have kept prices lower by the end of the year.

However, President Nayib Bukele of El Salvador, the first country to adopt Bitcoin as legal tender, believes that Bitcoin could go as high as $ 100,000 this year. President Bukele also said that two other countries will accept Bitcoin as legal tender in 2022.

Cryptocurrency market daily data. Source: Coin360 Increased adoption of cryptocurrencies by institutional investors in 2021 is another long-term positive. According to CoinShares, the net inflows into cryptocurrency funds in 2021 were more than $ 9.3 billion. A majority of more than two-thirds of the cryptocurrency inflows were in Bitcoin.

Read the full article on Cointelegraph

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