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Top 5 cryptocurrencies to watch this week: BTC, LUNA, NEAR, VET, GMT

Published 05/01/2022, 04:17 PM
Updated 05/01/2022, 06:00 PM
Top 5 cryptocurrencies to watch this week: BTC, LUNA, NEAR, VET,  GMT

The month of April has been a forgettable one for equities and cryptocurrency investors. Bitcoin (BTC) plummeted 17% in April to record its worst ever performance in the month of April. Similarly, the Nasdaq Composite plunged 13.3% in April, its worst monthly performance since October 2008.

However, a major positive for crypto investors is that Bitcoin is still above its year-to-date low near $33,000. In comparison, the Nasdaq 100 has hit a new low for 2022 while the S&P 500 is just a whisker away from making a new year-to-date low. This suggests that Bitcoin has managed to avoid a major sell-off, indicating demand at lower levels.

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
NEAR/USDT daily chart. Source: TradingView
NEAR/USDT 4-hour chart. Source: TradingView
VET/USDT daily chart. Source: TradingView
VET/USDT 4-hour chart. Source: TradingView
GMT/USDT daily chart. Source: TradingView
GMT/USDT 4-hour chart. Source: TradingView

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