BTC, ETH, ICP, AAVE, LUNA from Cointelegraph

Top 5 cryptocurrencies worth watching this week: BTC, ETH, ICP, AAVE, LUNA

Bitcoin (Bitcoin) The recovery is facing strong resistance near $35,000, but Mike McGlong, senior commodity strategist at Bloomberg Intelligence, still exists BullishIn his latest analysis, McGlone said that the probability of reaching $60,000 is greater than the probability of the price falling to $20,000.

Institutional investors seem to be taking advantage of Bitcoin’s weaknesses put up Their position. Cathie Wood’s Ark Invest has added more than 450,000 shares of Grayscale Bitcoin Trust through two separate purchases in the past week, increasing its holdings to more than 9 million shares. In addition, Edge Wealth Management and Rothschild Investment Corp have also added GBTC stocks to their portfolios.

Daily view of encrypted market data. source: Coin 360