Top 5 cryptocurrencies to watch this week: BTC, BCH, EOS, XMR, XTZ

Cointelegraph

Published Feb 14, 2021 03:05PM ET

Updated Feb 15, 2021 05:20PM ET

Demand and supply metrics determine the price of an asset and data from Glassnode, an on-chain data firm, shows that Bitcoin’s (BTC) liquid supply has been decreasing since June 2020. This signals that traders owning Bitcoin are not selling their holdings.

While the supply is shrinking, demand has been going up in the past few months as an increasing number of institutional investors have been buying Bitcoin.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
BCH/USD daily chart. Source: TradingView
BCH/USD 4-hour chart. Source: TradingView
EOS/USD daily chart. Source: TradingView
EOS/USD 4-hour chart. Source: TradingView
XMR/USDT daily chart. Source: TradingView
XMR/USDT 4-hour chart. Source: TradingView
XTZ/USDT daily chart. Source: TradingView
XTZ/USDT 4-hour chart. Source: TradingView

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