As the first week of 2023 ends, most cryptocurrencies have traded in the green zone after massive sell-offs over the past year. Notably, some assets aim to build on the fuel that has inspired a mini-rally as a foundation for sustained gains.
In particular, several digital currencies are already standing out, aided by the specific narrative they drive alongside increasing use cases. Therefore, below are the top five cryptocurrencies to watch for the week of January 9.
Bitcoin (BTC)
The flagship cryptocurrency is leading the market in gains after receiving a boost from positive employment data in the United States. Although Bitcoin (BTC) is trading in the shadow of the previous highs, the crypto has sustained solid gains across 2023. At the same time, as the new week starts, Bitcoin’s price remains of focus, especially with more macroeconomic data expected to come out. In this line, the upcoming Consumer Price Index (CPI) and inflation data will likely influence the Federal Reserve
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