The cryptocurrency market experienced a minor downturn over the weekend, with the global market cap decreasing to $2.48 trillion. This correction could be attributed to elevated inflation figures in the US and escalating tensions between Iran and Israel on the global stage.<\/p>\n
Nevertheless, there’s potential for a market resurgence, especially with Bitcoin’s (BTC) halving event looming. Let’s delve into three noteworthy cryptocurrencies to keep an eye on this week.<\/p>\n
Top 3 Cryptocurrencies for This Week:<\/p>\n
Bitcoin (BTC):<\/p>\n
Bitcoin (BTC) Pre-Halving $100,000 Ambition Faces Challenges: Insights<\/p>\n
As the reigning market leader, Bitcoin (BTC) sets the tone for other assets. BTC has experienced a 6.2% decline in the weekly charts, with its price hovering just above $65k. However, BTC is gearing up for its next halving cycle later this month, a factor many view as bullish due to its impact on reducing asset supply. There’s potential for BTC to bounce back from its current downturn and reclaim its all-time high of $73,737, reached in March this year.<\/p>\n
Moreover, a potential easing of US inflation could drive further price appreciation. The recent hostilities between Iran and Israel have added strain to global economics; however, a resolution to the conflict could expedite market recovery.<\/p>\n
Toncoin (TON):<\/p>\n
While other assets experienced a price correction, TON continued its upward trajectory. The cryptocurrency has surged by 16.4% in the daily charts and nearly 31% in the weekly charts, surpassing Dogecoin (DOGE) to become the 9th largest cryptocurrency by market cap.<\/p>\n
TON’s recent rally could be attributed to positive developments within its ecosystem. The asset might sustain its upward momentum over the coming weeks, particularly with BTC’s halving event on the horizon.<\/p>\n
dogwifhat (WIF):<\/p>\n
WIF is another cryptocurrency that saw significant gains in the past 24 hours. This popular memecoin has surged by 14.3% in the daily charts and 20.2% over the past month. However, it has experienced a 17.8% decline in the weekly charts and over 30% in the 14-day charts.<\/p>\n
According to CoinCodex, WIF is projected to continue its rally over the next few weeks, potentially reaching $5.48 by May 1, 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"
The cryptocurrency market experienced a minor downturn over the weekend, with the global market cap decreasing to $2.48 trillion. This correction could be attributed to elevated inflation figures in the US and escalating tensions between Iran and Israel on the global stage. Nevertheless, there’s potential for a market resurgence, especially with Bitcoin’s (BTC) halving event […]<\/p>\n","protected":false},"author":12,"featured_media":10171,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Cryptocurrency Update: Top 3 Coins to Monitor This Week - Bitrabo","description":"The cryptocurrency market experienced a minor downturn over the weekend, with the global market cap decreasing to $2.48 trillion. This correction could be attri"},"footnotes":""},"categories":[318],"tags":[448,2475,3284],"class_list":["post-10172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-analysis","tag-bitcoin","tag-dogwifhat","tag-toncoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/10172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=10172"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/10172\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/10171"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=10172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=10172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=10172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}