The cryptocurrency market experienced a predominantly bearish trend last week. Bitcoin (BTC), the leading asset, saw its price decline by 4%. Most major tokens followed suit with quite similar movements, although a few lesser-known cryptocurrencies managed to defy the downturn.
Amid widespread market pressure, the global cryptocurrency market cap decreased by $120 million, representing a 4.7% decline. It dropped from $2.54 billion at the start of the week to $2.42 billion by the week’s end.
Here are our picks for some of the top cryptocurrencies to watch this week, based on their recent performances:
ETH retests lower Bollinger Band
Following a drop two weeks back, Ethereum (ETH) began last week with a slight uptick. It close June 9 above $3,700 with a mild 0.69% increase.
However, this rise met fierce resistance. ETH recorded price slumps in the days that followed,…
