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Cryptocurrency

BTC, XRP, ADA, XMR, ATOM By Cointelegraph

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Top 5 cryptocurrencies to watch this week: BTC, XRP, ADA, XMR, ATOM

In the past three years the U.S. Securities and Exchange Commission has shot down several applications for a (BTC) exchange-traded fund. This dashed hopes of many investors who believed Bitcoin price would rally higher if an EFT was approved.

Although investors no longer pin BTC’s future on the existence of an ETF, regulators could eventually adjust their anti-crypto stance in the future.

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Cryptocurrency

‘Old hands selling out’ metric shows Bitcoin price at risk of HODLers dumping By Cointelegraph

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‘Old hands selling out’ metric shows Bitcoin price at risk of HODLers dumping

Old hands are selling their (BTC) holdings, according to Glassnode’s Coin Dormancy metric. As shown below, dormant addresses selling BTC marked previous tops in BTC.

Coin dormancy of Bitcoin. Source: Glassnode

On-chain analyst Willy Woo said old hands reliably sold the top until the most recent price cycle. He wrote: