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Top 5 cryptocurrencies to watch this week: BTC, BNB, LUNA, MANA, SAND
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Bitcoin (BTC) and most major altcoins have been struggling to recover from the sharp fall seen on Nov. 26. This indicates that traders may be nervous to buy at current levels due to the uncertainty regarding the new heavily-mutated coronavirus strain detected in South Africa.
According to a CryptoCompare report, Bitcoin’s assets under management decreased 9.5% to $48.70 billion in November. On the other hand, the AUM of altcoin-based crypto funds increased 5.4% to $16.60 billion.
This indicates that traders may have booked profits in Bitcoin and rotated part of that money into altcoins.
Celsius founder and CEO Alex Mashinsky is unfazed by the recent decline and viewed the fall as a buying opportunity. He said on Nov. 28 that he had “bought
Read more on cointelegraph.comAbout this in other media
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Top cryptocurrency prices today: Traders book profit in Bitcoin, Ether; Cardano slips 6% economictimes.indiatimes.com /2 years ago
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