BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE


Bitcoin (BTC) has been volatile in recent days, but long-term investors seem to be using the current weakness to buy.

According to Whale Alert and CryptoQuant, approximately 30,000 BTC left Coinbase and was deposited into an unknown wallet. It is speculated that it is a genuine purchase and not an internal transaction.

While investors may be optimistic in the long term, the short-term picture remains questionable. Stack Funds said in their recent weekly research report that they expect “sideways trading and a possible dip” in the near term due to the rise in inflation and ambiguity over the conflict in Ukraine.

Daily cryptocurrency market performance. Source: Coin360

Although Bitcoin was volatile, gold-backed crypto assets delivered a strong performance in 2022, as investors eschewed risky assets and sought the protection of safe havens. This has boosted the market cap of gold-backed crypto tokens to over $1 billion.

Can Bitcoin and altcoins support the recovery or will bears reign supreme? Let’s analyze the charts of the top 10 cryptocurrencies to find out.