Top 5 cryptocurrencies to watch this week: BTC, ALGO, XMR, XTZ, THETA
Cointelegraph
Published May 08, 2022 02:21PM ET
Updated May 08, 2022 04:00PM ET
The S&P 500 and the Nasdaq have declined for five consecutive weeks, indicating that traders continue to reduce exposure to risky assets. Bitcoin’s (BTC) close correlation with United States equity markets has resulted in its price remaining under pressure.
Bitcoin has extended its decline during the weekend and is now on track for its sixth successive weekly loss, the first such occurrence since 2014. The weakness in Bitcoin has pulled down the entire crypto markets, whose market capitalization has dipped below $1.6 trillion.
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Written By: Cointelegraph
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