Top 5 cryptocurrencies to watch this week: BTC, BNB, LUNA, MANA, SAND

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Bitcoin (BTC) and most major altcoins are struggling to recover from the sharp drop seen on November 26. This indicates that traders may be nervous about buying at current levels due to uncertainty over the new strain of highly mutated coronavirus detected in South Africa.

Bitcoin’s assets under management fell 9.5% to $ 48.70 billion in November, according to a CryptoCompare report. On the other hand, the AUM of altcoin-based crypto funds rose 5.4% to $ 16.60 billion.

This indicates that traders may have made profits in Bitcoin and turned some of that money into altcoins.

Daily view of crypto market data. Source: Coin360

Celsius founder and CEO Alex Mashinsky is unmoved by the recent drop and sees the drop as a buying opportunity. He said on November 28 that he had “bought nearly $ 10 million worth of Bitcoin and Ether at current levels” as he expects Bitcoin to rally at $ 70,000. Mashinsky added that he would halve his latest buys if Bitcoin breaks support at $ 50,000.

If Bitcoin recovers from the current level, some altcoins may also attract the attention of investors. Let’s analyze the charts of the 5 main cryptocurrencies that could remain on the agenda in the coming days.