The cryptocurrency market has made a slight recovery over the previous week. Bitcoin (BTC) has reclaimed the $83,000 level after briefly falling below $80,000 last week. BTC seems to be facing considerable resistance at the $83,000 level. Despite the slight recovery, the global crypto market cap has dipped 3.2% in the last 24 hours to $2.81 trillion.
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Cryptocurrency Investors Continue To Be Weary
The crypto market has struggled to gain momentum over the last month. The low investor sentiment is likely due to global trade wars. The US has imposed tariffs on multiple countries. Market participants most probably anticipate a negative impact on the economy.
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The cryptocurrency market could see an influx of funds due to the low prices. Investors may want to reduce their average costs while prices are down. Let’s look at three coins that could rally over this week.
Top 3 Cryptocurrencies To Watch This Week
1. Toncoin (TON)
TON is currently among the best-performing cryptocurrencies in the market. The latest rally is likely due to Telegram founder Pavel Durov being allowed to leave France for Dubai. The asset may continue its upward momentum over the coming days.
2. Binance Coin (BNB)
Binance’s BNB token is also trading in the green zone today. The rally could be due to a general market recovery. Bullish investors may have bought the cryptocurrency when prices were low. BNB could continue to rally over this week.
3. Shiba Inu (SHIB)
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SHIB is another cryptocurrency that has made a healthy gain over the last few days. The dog-themed crypto is among the most popular projects in the market. The low prices could be a good entry point for many new players. SHIB may witness a rally over the next few days.