BTC, BCH, EOS, XMR, XTZ By Cointelegraph

Top 5 cryptocurrencies to watch this week: BTC, BCH, EOS, XMR, XTZ
Top 5 cryptocurrencies to watch this week: BTC, BCH, EOS, XMR, XTZ

Demand and supply metrics determine the price of an asset and data from Glassnode, an on-chain data firm, shows that Bitcoin’s (BTC) liquid supply has been decreasing since June 2020. This signals that traders owning are not selling their holdings.

While the supply is shrinking, demand has been going up in the past few months as an increasing number of institutional investors have been buying Bitcoin.

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

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