Best Crypto to Buy Now 15 May – Conflux, Sui, Bitcoin SV
After a weekend of volatile trading, Bitcoin is on an upward trajectory, albeit still below significant thresholds.
As we head into a week potentially lacking in market catalysts, the focus remains on Bitcoin's performance.
How might this recent cryptocurrency market activity affect the best cryptos to buy now?
Bitcoin is currently trading at $27,337, with a gain of 1.49% in the past 24 hours.
This comes after a dip below $26,500 last Friday, followed by a gradual recovery over the weekend.
Despite this rebound, Bitcoin is still trailing below the crucial $30,000 level, a threshold it has struggled to maintain since first surpassing it last month.
Alex Kuptsikevich, an analyst at FxPro, noted, "Bitcoin's proximity to the 200-week average, near $26,000 last Friday, sparked interest among sellers. However, by maintaining this crucial average, the bulls have reassured the market of the long-term bullish trend's viability."
As Monday saw investors actively buying, pushing the price to $27,000, cautious buyers are now eyeing the $28,000 to $28,500 range as a confirmation of a break from last month's downtrend.
However, the week ahead may be sparse in terms of catalysts, potentially making it challenging to build a narrative supporting a continued rise in Bitcoin prices.
Cryptocurrencies remain susceptible to macroeconomic influences, often mirroring movements in the Dow Jones Industrial Average and S&P 500 in response to economic data.
The Federal Reserve's inflation-fighting interest-rate hikes have been a significant obstacle for both stocks and digital assets.
However, Bitcoin's 2023 rebound has coincided with growing expectations of a more accommodating stance from the central bank.
While last week's inflation data stirred both
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