Top 5 Crypto Performers: BTC, LINK, XMR, OKB, BNB

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

The total market capitalization of cryptocurrencies has dipped below $300 billion from over $380 billion on June 26. This shows that the sharp recovery from the lows is taking a breather. While the unveiling of Facebook’s Libra project was a major boost to cryptocurrencies, the recent opposition to it from various quarters has led to profit booking. 

While a number of altcoins have hit a rough patch and have given up the majority of their gains accrued over the past few weeks, Bitcoin is still looking strong. Hence, we view this fall as a buying opportunity. However, we do not suggest buying when the trend is down. Traders can wait for the price to stop falling and form a short-term bottom before…