The past seven days were quite the roller coaster in the cryptocurrency market, which, fortunately, ended well.
The total market capitalization is currently more or less at the same level as where it was one week ago, despite having lost almost $100 million on Thursday when Bitcoin’s price collapsed to $50K.
With this said, we take a look at the top 5 cryptocurrencies to keep a close watch over the next few weeks.
Bitcoin (BTC)
It goes without saying that, for the most part, wherever Bitcoin goes, the market follows. While the rate might not be equal, BTC has dictated the direction of the market for most of the current bull run.
Last week, we saw a major announcement from Tesla – the giant electric vehicle manufacturer revealed that users can now pay for a Tesla with BTC. Elon Musk tweeted it, and, consequently, the market surged.
Unfortunately, the rally was unsustainable, and shortly after, BTC plunged and decreased to roughly around $50,000. This is where it found solid support
Źródło: https://cryptopotato.com/top-5-cryptocurrencies-to-watch-in-april/
