Key Cryptocurrencies to Monitor This Week Bitcoin BTC Ethereum ETH Pepe PEPE

The most promising cryptocurrencies to watch this week are Bitcoin (
BTC
), Ethereum (
ETH
), and Pepe (
PEPE
).
Bitcoin Whales Profiting
Bitcoin’s whale activity has decreased since March 14, but a recent surge in whale transactions could potentially push BTC prices higher.
A significant movement of 1,200 Bitcoin, valued at $77.67 million, was highlighted by crypto analyst Lookonchain as a whale transferred funds to the Kraken exchange.
The same whale had amassed 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 a five-month high, suggesting that major holders may be taking profits, potentially leading to a significant price correction in the upcoming week.
Large transactions from whales can have a considerable impact on the crypto market, especially with Bitcoin’s dominance of over 50%, giving it significant influence.
Bitcoin’s price recovery has slowed down, with a 1% increase in the last 24 hours, bringing the price to $63,520 after a period of decline.
Custodia Bank’s response to a court ruling and its desire for a Fed master account is also worth noting.
Ethereum Holding Strong
Altcoins are facing downward pressure, contributing to a $150 billion drop in the total crypto market cap over the weekend.
Ethereum, trading near its support trendline in a symmetric triangle pattern, seems to be sparking positive 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% and was one of the few high-cap cryptocurrencies in the green over the weekend.
Ethereum has continued its upward trend, rising by 5.5% in the last 24 hours and reaching its highest point in the past 7 days, with analysts like Satoshi Flipper hinting at a potential bull run based on underlying indicators.
Pepe’s Strong Performance
Pepe, the third-largest meme coin by market cap, has shown impressive performance since its launch in 2023, currently priced at $0.000007459, marking a 7.1% increase in 24 hours and nearly 28% gain over the week. Despite this, it is still down by 4.8% compared to 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 retracements, the meme coin has displayed resilience and could continue its upward trajectory in the coming weeks due to its strong trading volume and market interest.
In conclusion, Bitcoin, Ethereum, and Pepe are the cryptocurrencies to watch this week as they navigate market fluctuations and potential price movements driven by whale activity and market sentiment.