BTC, ADA, LUNA, VET, XTZ By Cointelegraph



Top 5 cryptocurrencies to watch this week: BTC, ADA, LUNA, VET, XTZ

On Aug. 27, U.S. Federal Reserve Chair Jerome Powell said that the central bank will start tapering its $120 billion monthly bond purchases by the end of the year, but the interest rate hikes would have to wait until the job market and inflation pass a more stringent test.

In response to the speech, the (DXY) fell, the S&P 500 index rose to a new all-time high, and (BTC) surged about $1,500 in under an hour. This showed that market participants viewed the speech as “dovish.”

Crypto market data daily view. Source: Coin360

daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
ADA/USDT daily chart. Source: TradingView
ADA/USDT 4-hour chart. Source: TradingView
LUNA/USDT daily chart. Source: TradingView
LUNA/USDT 4-hour chart. Source: TradingView
VET/USDT daily chart. Source: TradingView
VET/USDT 4-hour chart. Source: TradingView
XTZ/USDT daily chart. Source: TradingView
XTZ/USDT 4-hour chart. Source: TradingView

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