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Top 5 cryptocurrencies to watch this week: BTC, SOL, LTC, LINK, BSV

Published 06/19/2022, 05:19 PM
Updated 06/20/2022, 07:20 PM
Top 5 cryptocurrencies to watch this week: BTC, SOL, LTC, LINK, BSV

Bitcoin (BTC) plummeted to $17,622 on June 18. This marked the first time in Bitcoin’s history that it has fallen below its previous cycle high. The United States Federal Reserve’s aggressive monetary tightening, a crisis at crypto lending platform Celsius and liquidity issues at investment fund Three Arrows Capital are creating a sense of panic among traders.

Markets commentator Holger Zschaepitz said that Bitcoin has crashed more than 80% four times in history. That puts the current fall of about 74% within historical standards. Previous bear markets have bottomed out just below the 200-week moving average, according to market analyst Rekt Capital. If history repeats itself, Bitcoin is unlikely to stay at the current depressed levels for a long time.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
SOL/USDT daily chart. Source: TradingView
SOL/USDT 4-hour chart. Source: TradingView
LTC/USDT daily chart. Source: TradingView
LTC/USDT 4-hour chart. Source: TradingView
LINK/USDT daily chart. Source: TradingView
LINK/USDT 4-hour chart. Source: TradingView
BSV/USD daily chart. Source: TradingView
BSV/USD 4-hour chart. Source: TradingView

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