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BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE

Bitcoin (BTC) has been volatile over the past few days but long-term investors appear to be taking advantage of the current weakness to buy.

According to Whale Alert and CryptoQuant, about 30,000 BTC remaining Coinbase and was sent to an unknown wallet. It is speculated to be a genuine purchase and not an in-house transaction.

While investors may be optimistic in the long-term, the short-term picture remains questionable. Stack Funds said in their recent weekly research report that they “expect Trading sideways and possibly bearish“In the short term due to an increase in inflation and a lack of clarity regarding the conflict in Ukraine.

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Daily Cryptocurrency Market Performance. Source: Coin360

While Bitcoin is always volatile, Gold-backed crypto-assets have shown strong in 2022 as investors move away from risky assets and seek the protection of safe havens. This has boosted the market capitalization of gold-backed crypto tokens to over $1 billion.

Can Bitcoin and altcoins sustain the recovery or will the bears reign supreme? Let’s analyze the charts of the top 10 cryptocurrencies to find out.