# Top 5 cryptocurrencies to watch this week: BTC, ADA, UNI, LINK, CHZ

**Published by:** [BitcoinBSV](https://paragraph.com/@bitcoinbsv/)
**Published on:** 2022-08-15
**URL:** https://paragraph.com/@bitcoinbsv/top-5-cryptocurrencies-to-watch-this-week-btc-ada-uni-link-chz

## Content

The S&P 500 rose for the fourth successive week as investors cheered on signs that inflation may have peaked. Bitcoin (BTC) and select altcoins also extended their recovery, suggesting that investors are increasing their exposure to risk assets. A similar trend has played out in the cryptocurrency markets. Altcoins, led by Ether (ETH), have outperformed Bitcoin after clarity on Ethereum’s Merge, according to analysts at Glassnode. Crypto market data daily view. Source: Coin360 However, trading firm QCP Capital is cautious about the momentum in the altcoin market. They highlighted that the open interest on Ether options had surged to $8 billion, exceeding Bitcoin option OI which was at $5 billion. Glassnode suggested that traders have been booking profits on the spread between their spot long Ether versus the quarterly short Ether futures positions. Could Bitcoin and the altcoins extend their recovery in the next few days? Let’s study the charts of the top-5 cryptocurrencies that may outperform in the near term.

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