Top 5 cryptocurrencies to watch this week: BTC, LEO, MANA, KLAY, XTZ By Cointelegraph

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© Reuters.

Russia’s massive build-up of soldiers, warplanes, equipment and extended military drills near Ukraine’s borders increased fears of a possible invasion within the next few days. That could have renewed selling in (BTC), which plummeted below the strong support at $39,600.

Among the gloom and doom, there is a ray of hope for crypto investors because data from Glassnode shows that more than 60% of Bitcoin supply has not been used in any transaction for more than a year. This suggests that long-term hodlers are not dumping their positions in the downtrend.

Crypto market data daily view. Source: Coin360