Bitcoin, ADA, AVAX, cake, atom

Bitcoin (Bitcoin) Is knocking on the door of the key $50,000 level, even after the digital asset rose 70% from the low of $29,278 on July 20 to the intraday high of $49,757.04 on August 21, most traders remained optimistic.

Monitoring resource material indicators point to a A large number of put options at a strike price of $50,000 And “almost full active funding (overheating)”, which indicates rejection of current levels and a “September correction”.

Daily view of encrypted market data. Source: Coin 360

Nikita Ovchinnik, Chief Business Development Officer of 1inch Network, said that several new iInstitutional investors are exposed to cryptocurrencies In the past year, “they did not come for short-term benefits.”

Another positive sign of the crypto industry is Growing list of unicornsAnalysts expect that as the adoption of cryptocurrencies and blockchains increases, more companies will join the list.

Could Bitcoin’s hesitation in the vicinity of US$50,000 divert attention to altcoins? Let’s study the charts of the top 5 cryptocurrencies that may attract traders’ attention in the short term.