Top 10 Currencies

BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB


The United States equities markets and the cryptocurrency markets have started the new week on a strong footing. This suggests that investors expect the Federal Reserve’s possible 75 basis point rate hike in the Sept. 20 to 21 meeting to be priced in and it also could mean that investors believe inflation has peaked.

Bitcoin’s (BTC) rally above $22,000 cleared the closely watched metric of the realized price, which according to Glassnode is at $21,700. The next major barrier on the upside is the 200-week moving average near $23,330. A break and close above this resistance could indicate that the bear market may be ending.

Daily cryptocurrency market performance. Source: Coin360

The current bear market has not driven away institutional investors who continue to believe in the long-term prospects of the asset class. One such example was given by Irfan Ahmad, the Asia Pacific digital lead for State Street’s crypto unit State Street Digital, who said that their institutional clients continued to place strategic bets in the cryptocurrency space in June and July.

Could Bitcoin and altcoins continue their up-move in the near term? Let’s study the charts of the top 10 cryptocurrencies to find out.