Weekly Top 5 Cryptos To Watch – XRP, ILV, BNB, SOL, SHIB

The past few days have been filled with an unprecedented event leading up to the CEO of Binance, Changpeng Zhao, stepping down from its role to the United States (US) Department of Justice (DOJ) sanctioning one of the biggest crypto exchanges, Binance, with a fine of $4.3 billion.

This news shocked many cryptocurrency traders and investors as many feared what could happen to the cryptocurrency market and the price of Bitcoin, which could influence the general behavior’s of the market

The news surrounding Binance and its CEO Changpeng Zhao, also known as CZ, has been accepted with mixed feelings as the cryptocurrency market was expected to react negatively. Still, the market has continued to hold its ground despite the shock

The reaction, as seen by the cryptocurrency market, its communities, traders, and investors, have been applauded. Many great analysts speculate this is a bullish sign for the cryptocurrency industry as the price of assets prepares for Bitcoin’s halving and a potential bull run

Other sources and analyst believes that sanctions placed on Changpeng Zhao CZ and Binance are to pave the way for better crypto compliance to regulations as Bitcoin spot ETF Exchange-traded fund is more than 95% approved as Blackrock applications in the past have never been turned down

The uncertainties in the crypto market have had a less negative effect in terms of price action on the crypto market as many weekly top 5 crypto XRP UNFI BNB SOL, SHIB) continue to look strong and could be gearing for more opportunities for traders to open a long position or place new buy orders for better price gain

On-chain analysis shows the crypto market continues to hold strong as it awaits major development in the coming days and weeks as the volume could pick for many assets, including the number one crypto by market capitalization btc

Despite the uncertainties surrounding events in the market Btchas shown much dominance, holding up well as it paves the way for many altcoins to rally higher producing double-digit gains