Ethereum Enters A Descending Triangle As Analysts Expect Further Losses |Ethereum Enters A Descending Triangle As Analysts Expect Further Losses

In the latest cryptocurrency news, we are featuring the top crypto performers from the rally this week, led by Bitcoin (BTC) as the most dominant cryptocurrency. While altcoins have pulled back sharply from their recent highs, Bitcoin managed to held up quite well and its dominance inched from about 50% in April to 54.5% this year.

Below, we are listing the top crypto performers and their respective surges.

BTC/USD

First on the list is Bitcoin. The most dominant coin completed a bullish crossover this week and reversed the trend. The bear market has seen a lot of investors losing huge sums of money trading Bitcoin. However, the BTC/USD pair largely stayed above the breakout level of $4,914 and right now, the 50-week SMA is acting as a resistance. The next couple of weeks are very important for BTC among the top crypto performers.

XEM/USD

NEM (XEM) is another great performer in the coming altcoin news. It all began with the recovery in XEM/USD after the pair hit a roadblock at the overhead resistance. The bulls attempted to defend the support as the cryptocurrency is ready to form a reversal setup, being featured in the top crypto performers right now.

BSV/USD

Despite being in the news because of exchanges delisting it, Bitcoin SV (BSV) is stabilizing. This is mostly because of a couple of positive news and partnerships – one of which is with Ayr United (a football club from Scotland). Bitcoin SV is now among the top crypto performers and seeing a bullish price action which pushes through the $58 level.

ETH/USD

Ethereum was also featured in the altcoin news. The largest altcoin has received a lot of positive attention after reports which showed that Samsung plans to develop a public-private blockchain based on ETH – dubbed Samsung Coin. Despite slipping back below the breakout level of $167, the ETH/USD pair is among the top crypto performers right now and will definitely try to scale above $167 in the near future.

BNB/USD

Last but not the least in the top crypto performers, as shared on many best cryptocurrency news sites, is the altcoin Binance Coin (BNB). After completing the launch of the decentralized trading platform (DEX) by Binance, BNB has been holding out close to its lifetime highs. The bullish view still remains.