Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, FTT, ETC

Bitcoin's attempt to form a bottom has prompted altcoin traders to focus on ETH, MATIC, FTT, and ETC. Price analysis
US equity markets recovered from last week's lows, suggesting demand exists at lower levels. Along the same lines, Bitcoin (BTC) also recovered from $18,910 last week, indicating that traders could move back into risky assets.

However, analysts remain divided in their opinion on Bitcoin's recovery. While some believe the relief rally is a bullish trap, others expect the bullish move to retest the crucial resistance at the 200-week moving average ($22,626).

Daily View Crypto Market Data . Source: Coin360
The current bear phase has damaged sentiment as seen by the Crypto Fear and Greed Index, which has remained in the " extreme fear” since May 6. According to Philip Swift, creator of on-chain analytics platform LookIntoBitcoin, the time spent in the “extreme fear” category is longer than during the 2018 Bitcoin bear mark...

Crypto Jul 18, 2022 0 143 Add to Reading List

Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, FTT, ETC

Bitcoin's attempt to form a bottom has prompted altcoin traders to focus on ETH, MATIC, FTT, and ETC. Top 5 cryptocurrencies to watch this week: BTC, ETH, MATIC, FTT, ETC Price analysis

US equity markets recovered from last week's lows, suggesting demand exists at lower levels. Along the same lines, Bitcoin (BTC) also recovered from $18,910 last week, indicating that traders could move back into risky assets.

However, analysts remain divided in their opinion on Bitcoin's recovery. While some believe the relief rally is a bullish trap, others expect the bullish move to retest the crucial resistance at the 200-week moving average ($22,626).

The current bear phase has damaged sentiment as seen by the Crypto Fear and Greed Index, which has remained in the " extreme fear” since May 6. According to Philip Swift, creator of on-chain analytics platform LookIntoBitcoin, the time spent in the “extreme fear” category is longer than during the 2018 Bitcoin bear mark...