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Top Three Cryptocurrencies to Watch This Week: BTC, ETH, XRP

05.12.2023, 01:09   14
Top Three Cryptocurrencies to Watch This Week: BTC, ETH, XRP

ETH registered significant gains during the previous week as it broke $2,150 for the first time since May. This thrill resulted in a further increase that reflected on the global index.

The global cryptocurrency market cap was worth $1.4 trillion at the start of the previous intraweek session. This was also the lowest valuation the sector had during this period. The chart reveals that the industry gradually surged in value as it peaked at $1.48 trillion on Sunday. It also closed at this mark. However, this points to a failure to register any significant changes.

With the new week in view, the global cryptocurrency market cap is up by more than 3% over the last 24 hours. Following such a bullish start, many look forward to what the rest of the intraweek session will offer.

Bitcoin broke out from its previous channel during the previous intraweek session. It also broke its two-week streak of recording no significant changes. Following a dip to a low of $36k, it surged to a high of $40k. In the end, it closed with gains of almost 7%.

One of the key highlights of the session happened on Friday. It opened the day at $37,731 and tested the $39k resistance, finally breaking out from the $36k-$38k channel. BTC failed to break the highlighted barrier but ended the day at $38,707. It also ended the day with an almost 3% increase. Additionally, it finally broke the resistance during the next intraday session.

With a focus on the new week, bitcoin is seeing one of its best performances. It opened the day at $39,988. Following a massive increase in buying volume, the apex coin surged to test the $42k resistance. It broke the mark and hit a high of $42,404. Currently exchanging at $41,917, the coin may close with gains of almost 5%.

The post Top Three Cryptocurrencies to Watch This Week: BTC, ETH, XRP appeared first on Coinfomania.



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