BTC, MATIC, EOS, XMR, AAVE By Cointelegraph

BTC, MATIC, EOS, XMR, AAVE By Cointelegraph

Top 5 cryptocurrencies to watch this week: BTC, MATIC, EOS, XMR, AAVE

(BTC) is struggling to sustain any price level during the current pullback, indicating a lack of demand at higher levels. Does this mean that the bull trend is over and the institutional investors are abandoning the crypto markets?

No! It is the other way around. Glassnode’s weekly newsletter pointed out that the Grayscale Bitcoin Trust (GBTC) premium is rising, suggesting that institutional investors are accumulating at lower levels.

Crypto market data daily view. Source: Coin360