The cryptocurrency market underwent a slight correction over the weekend, with the global market cap falling to $2.48 trillion. The correction could be due to high inflation numbers in the US and escalating global conflicts between Iran and Israel.
However, we may witness a market rebound, with Bitcoin’s (BTC) halving right around the corner. Let’s look at three crypto assets to watch this week.
Top 3 cryptocurrencies to watch this week
Bitcoin (BTC):
![Bitcoin (BTC) Pre-Halving $100,000 Dream Under Threat: Here's Why](https://watcher.guru/news/wp-content/uploads/2024/03/7476ab4e-1024x585.jpg)
![Bitcoin (BTC) Pre-Halving $100,000 Dream Under Threat: Here's Why](https://watcher.guru/news/wp-content/uploads/2024/03/7476ab4e-1024x585.jpg)
Bitcoin (BTC) is the current market leader, and other assets are following in its footsteps. BTC has fallen 6.2% in the weekly charts, and its price hovers just over $65k. However, BTC will undergo its next halving cycle later this month. Many consider halvings bullish as they reduce the supply of an asset. There is a possibility that BTC will rebound from its current slump and reclaim its all-time high of $73,737, which it attained in March of this year.
Also Read: Top 3 Cryptocurrencies That May Hit All-Time Highs In Q2 2024
Furthermore, if inflation in the US cools down, we may see a further price appreciation. The latest Iranian attack on Israel has further strained global economics. If the conflict comes to an end, the markets may recover faster.
Toncoin (TON):
While other assets faced a price correction, TON continued to rally. The cryptocurrency is up by 16.4% in the daily charts and nearly 31% in the weekly. TON has also overtaken Dogecoin (DOGE) as the 9th largest cryptocurrency by market cap.
Also Read: Top 3 US Stocks To Watch in April 2024
![](https://watcher.guru/news/wp-content/uploads/2024/04/Screenshot-2024-04-15-at-11.32.57 AM-1024x63.png)
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TON’s latest rally could be due to positive ecosystem news. The asset may continue to surge over the next few weeks, especially given BTC’s halving later this month.
dogwifhat (WIF):
WIF is another cryptocurrency that witnessed a massive rally in the last 24 hours. The popular memecoin is up by 14.3% in the daily charts and 20.2% over the previous month. However, the cryptocurrency is down by 17.8% in the weekly charts and over 30% in the 14 day charts.
According to CoinCodex, WIF will continue to rally over the next few weeks, hitting $5.48 on May 1, 2024.