Top 5 cryptocurrencies to watch this week: BTC, DOT, XMR, APE, CAKE
(BTC) and several altcoins are trading in a narrow range over the weekend, suggesting that investors are hesitant about the next direction. Traders may be waiting for Wall Street to open before making big targeted bets as Bitcoin has been closely linked to the S&P 500 in recent days.
The sharp decline in US stock markets on April 22 indicates that investors are increasingly nervous about the hawkish attitude of central banks. The market expects the US Federal Reserve to increase by 250 basis points in 2022. In addition, the European Central Bank is expected to raise rates for the first time since 2011, according to a Reuters source.