Top 5 cryptocurrencies to watch this week: BTC, ETH, XRP, LTC, DASH

(BTC) has made an excellent comeback from its March 2020 lows and this performance is being noticed by institutional investors. Recently, Rick Rieder, CIO of Fixed Income at BlackRock, said that Bitcoin could replace gold because it is “more functional than passing a gold bar”.

Comments like these are a positive sign as they demonstrate that the narrative of Bitcoin being seen more and more as digital gold, even among mainstream investors, is gaining acceptance.

Daily view of Crypto market data. Source: Room360