Top Three Cryptocurrencies to Watch This Week (Jan 16)
Most cryptocurrencies saw huge volatility during the previous intraweek session. This comes as the much-anticipated EFT was approved. This comes after so much back and forth between the concerned institution and the United States SEC. There were also reports of hackers getting in on the drama as they seized the regulator’s X account.
The events that unfolded had a massive impact on the global cryptocurrency market. It was worth $1.64 trillion at the start of the previous week. As the session progressed, it peaked at $1.77 trillion as the clamor for the ETF continued. Following the approval, prices slumped and the sector dropped to a close at $1.66 trillion which means the market gained nothing in the end.
With a focus on the week, most asset are not off to a good start. Nonetheless, the last 24 hours offered more in terms of volatility. Some cryptos are also gearing up for a possible uptrend. Let’s see how they’ll perform in the next five days.