Bitcoin (Bitcoin) Is witnessing fierce competition near US$58,000, but this has not stopped some altcoins from reaching record highs. This shows that traders are paying attention to the basic development of individual tokens.

One of the recent The main altcoin performing best is Avalanche (AVAX), which surged more than 120% in November. Before Deloitte CPA announced plans to build its disaster relief platform on the Avalanche blockchain, the token caught the attention of traders.

Daily view of encrypted market data. source: Coin 360

El Salvador’s President Nayib Bukele announced another step in the growth of cryptocurrency adoption Launch Bitcoin City, It will be powered by geothermal energy, initially funded by Bitcoin bonds worth $1 billion.

Can low-level strong purchases push Bitcoin above $60,000, and will altcoins participate in the recovery? Let’s study the charts of the top 5 cryptocurrencies that can attract the attention of traders in the short term.