Top 5 cryptocurrencies to watch this week: BTC, BCH, EOS, XMR, XTZ By Cointelegraph

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Top 5 cryptocurrencies to watch this week: BTC, BCH, EOS, XMR, XTZ

Demand and supply metrics determine the price of an asset and data from Glassnode, an on-chain data firm, shows that Bitcoin’s (BTC) liquid supply has been decreasing since June 2020. This signals that traders owning are not selling their holdings.

While the supply is shrinking, demand has been going up in the past few months as an increasing number of institutional investors have been buying Bitcoin.

Crypto market data daily view. Source: Coin360