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Top 5 cryptocurrencies to watch this week: BTC, LTC, BCH, XMR, THETA

Published 12/27/2020, 12:00 PM
Updated 12/28/2020, 02:00 PM
Top 5 cryptocurrencies to watch this week: BTC, LTC, BCH, XMR, THETA
BTC/USDT
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BTC/USD
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BCH/USD
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The supply and demand equation determines the price of an asset. In the past few months, the uptick in institutional demand for Bitcoin (BTC) has resulted in a strong bull run. This uptrend may continue until demand exceeds supply.

On-chain data shows two withdrawals of more than 12,000 Bitcoin each from Coinbase Pro this week, which is just short of the 28,000 Bitcoin mined in November. This suggests that demand from institutional investors remains intact even after Bitcoin’s recent rally because they are bullish in the long term.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
LTC/USDT daily chart. Source: TradingView
LTC/USDT 4-hour chart. Source: TradingView
BCH/USD daily chart. Source: TradingView
BCH/USD 4-hour chart. Source: TradingView
XMR/USDT daily chart. Source: TradingView
XMR/USDT 4-hour chart. Source: TradingView
THETA/USDT daily chart. Source: TradingView
THETA/USDT 4-hour chart. Source: TradingView

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