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Top 5 cryptocurrencies to watch this week: BTC, XLM, CRO, BNB, LTC

Published 10/18/2020, 03:32 PM
Updated 10/18/2020, 05:20 PM
Top 5 cryptocurrencies to watch this week: BTC, XLM, CRO, BNB, LTC

Top 5 cryptocurrencies to watch this week: BTC, XLM, CRO, BNB, LTC

Data from Skew shows Bitcoin’s (BTC) spot volume on LMAX Digital, an exchange that mainly caters to institutions, has overtaken retail-oriented exchanges. This signals that institutional investors could be building up positions as they expect the price to move higher in the future.

Along with spot purchases, institutional investors’ participation in the derivatives market has also increased. Data from Arcane Research shows that a record number of investors are taking delivery of Bitcoin from the Bakkt Bitcoin exchange.

BTC/USD daily chart. Source: TradingView
BTC/USD 4-hour chart. Source: TradingView
XLM/USD daily chart. Source: TradingView
XLM/USD 4-hour chart. Source: TradingView
CRO/USD daily chart. Source: TradingView
CRO/USD 4-hour chart. Source: TradingView
BNB/USD daily chart. Source: TradingView
BNB/USD 4-hour chart. Source: TradingView
LTC/USD daily chart. Source: TradingView
LTC/USD 4-hour chart. Source: TradingView

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