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Top 5 cryptocurrencies to watch this week: BTC, DOT, LUNA, AVAX, EGLD

Published 11/07/2021, 02:39 PM
Updated 11/07/2021, 04:20 PM
© Reuters.
BTC/USD
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Bitcoin’s (BTC) dominance has dropped from about 48% on Oct. 20 to 42.3% on Nov. 7 while the total crypto market capitalization has continued its northward journey. This indicates that the price action has shifted from Bitcoin to altcoins.

CryptoQuant CEO Ki Young Ju said that Bitcoin whales are selling but this has not resulted in the breach of the strong support at $60,000. He also pointed out that Bitcoin reserves across exchanges have continued to decrease, indicating strong appetite from buyers.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
DOT/USDT daily chart. Source: TradingView
DOT/USDT 4-hour chart. Source: TradingView
LUNA/USDT daily chart. Source: TradingView
LUNA/USDT 4-hour chart. Source: TradingView
AVAX/USDT daily chart. Source: TradingView
AVAX/USDT 4-hour chart. Source: TradingView
EGLD/USDT daily chart. Source: TradingView
EGLD/USDT 4-hour chart. Source: TradingView

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