Key cryptocurrencies to monitor this week Bitcoin Ethereum Pepe

The top cryptocurrencies to watch this week are Bitcoin (
BTC
), Ethereum (
ETH
), and Pepe (
PEPE
).
Bitcoin whales are cashing in their profits
Whale activity in Bitcoin has decreased since March 14, but a recent surge in whale transactions could potentially push BTC prices higher.
A crypto analyst named Lookonchain recently pointed out a significant movement of 1,200 Bitcoin, valued at a staggering $77.67 million, by a whale to the Kraken exchange.
The same whale had accumulated 24,755 BTC worth $1.68 billion between March 1 and April 15, with an average purchase price of $68,051 per Bitcoin.
Additionally, data from CryptoQuant indicates that exchange inflows from Bitcoin whales have hit their highest level in five months, suggesting a potential trend of profit-taking among major holders. This could lead to a significant price correction in the upcoming week.
Large transactions by whales can have a significant impact on the crypto market, especially in the case of Bitcoin, which holds more than 50% dominance in the broader crypto market.
While Bitcoin’s price recovery has slowed down, the asset managed to gain 1% in the last 24 hours, trading at $63,520 after a period of decline.
Ethereum remains in the green
Altcoins are facing pressure, contributing to a $150 billion decline in the total crypto market cap over the weekend.
Ethereum, after trading near its support trendline within a symmetric triangle pattern, is showing signs of bullish sentiment in the market.
Despite a 32% correction from its yearly high of $4,094, Ethereum maintains a positive year-to-date outlook of over 75%. It was one of the few high-cap cryptocurrencies to stay in the green over the weekend.
Currently, Ethereum is up by 5.5% from 24 hours ago, reaching its highest point in the last 7 days. Analysts, including Satoshi Flipper, are hinting at a possible bull run based on the coin’s underlying indicators.
Pepe ends the week on a high note
Pepe, the third-largest meme coin by market cap, has shown strong performance since its launch in 2023, currently priced at $0.000007459. This represents a 7.1% increase in 24 hours and nearly 28% growth over the week, making it one of the top gainers in the last 7 days. However, the current price is still 4.8% lower than the previous month.
With a market cap of $3.1 billion and a 24-hour trading volume of $648 million, Pepe’s market strength positions it as one of the top cryptocurrencies to keep an eye on. Despite experiencing retracements, the meme coin has shown resilience and could continue its upward trend in the coming weeks, supported by its strong trading volume and market interest.
In conclusion, Bitcoin, Ethereum, and Pepe are the key cryptocurrencies to watch this week as they navigate market fluctuations and potential price movements driven by whale activity and market sentiment.