Top 5 cryptocurrencies to watch this week: BTC, ETH, ADA, SOL, THETA

Cointelegraph

Published Jun 06, 2021 02:58PM ET

Updated Jun 06, 2021 05:20PM ET

When the sentiment in the market turns bearish, every bit of negative news, however insignificant, pulls the price down as traders panic sell. This is what happened after China’s social media giant, Weibo (NASDAQ:WB), suspended a number of crypto-related accounts and triggered fears that a wider crackdown could occur.

In other news, a note from Goldman Sachs (NYSE:GS) said their meetings with 25 chief investment officers of long-only and hedge funds revealed Bitcoin (BTC) as the least favorite asset for investment.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
ETH/USDT daily chart. Source: TradingView
ETH/USDT 4-hour chart. Source: TradingView
ADA/USDT daily chart. Source: TradingView
ADA/USDT 4-hour chart. Source: TradingView
VORTECS™ Score (green) vs. SOL price. Source: Cointelegraph Markets Pro
SOL/USDT daily chart. Source: TradingView
SOL/USDT 4-hour chart. Source: TradingView
THETA/USDT daily chart. Source: TradingView
THETA/USDT 4-hour chart. Source: TradingView

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