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Top 5 cryptocurrencies to watch this week: BTC, LUNA, ATOM, XTZ, AXS

Published 10/03/2021, 05:30 PM
Updated 10/04/2021, 07:00 PM
© Reuters.

The sentiment in the crypto markets can change quickly as seen from the Crypto Fear and Greed Index, which rose from levels of extreme fear on Sept. 30 to neutral on Oct. 3. The sentiment may improve further if Bitcoin (BTC) breaks out and sustains above the psychologically critical level at $50,000.

One important event that may boost short-term sentiment is the United States Securities and Exchange Commission’s (SEC) decision on Bitcoin exchange-traded fund (ETF) applications. Although the SEC extended the deadline of four Bitcoin ETF applications by 45 days on Oct. 1, Bloomberg’s senior ETF analyst Eric Balchunas is hopeful that a futures-backed Bitcoin ETF may receive the green signal by the middle of October.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
LUNA/USDT daily chart. Source: TradingView
LUNA/USDT 4-hour chart. Source: TradingView
ATOM/USDT daily chart. Source: TradingView
ATOM/USDT 4-hour chart. Source: TradingView
XTZ/USDT daily chart. Source: TradingView
XTZ/USDT 4-hour chart. Source: TradingView
AXS/USDT daily chart. Source: TradingView
AXS/USDT 4-hour chart. Source: TradingView

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