Business

BTC, ALGO, XMR, XTZ, THETA




The S&P 500 and Nasdaq have fallen for five weeks in a row, indicating that traders continue to reduce their exposure to risky assets. Bitcoins (BTC) close correlation with US stock markets has led to the price remaining under pressure.

Bitcoin has extended its decline over the weekend and is now heading for its sixth consecutive weekly loss, the first such event since 2014. The weakness of Bitcoin has dragged down entire crypto markets, whose market value has fallen below $ 1.6 trillion.

Daily display of crypto market data. Source: Coin 360

When the feeling is bearish, traders sell on all negative news. The decoupling of Terra̵[ads1]7;s stackecoin in US dollars TerraUSD (UST) also appears to increase sales pressure across the crypto market.

After Bitcoin’s six consecutive weekly bars in red, is it time for an improvement? Let’s study the charts of the 5 best cryptocurrencies that show signs of stabilizing in the short term.