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BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB

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The absence of a decisive catalyst and strength in the US Dollar Index (DXY) kept the risky assets’ recovery in check. Bitcoin (BTC) is stuck in a tight range looking for this hard breakout. The longer Bitcoin spends in the range, the bigger the resulting break from it will be.

The short-term uncertainty in cryptocurrencies does not seem to have changed the long-term view of institutional investors. Robin Vince, CEO of BNY Mellon, said that a survey commissioned by the bank showed that 91% of institutional investors are willing to invest in some type of tokenized asset in the next few years.

Daily cryptocurrency market performance. Source: coin360

While some believe institutions are slow to transition to crypto, Coinbase senior advisor John D’Agostino thinks otherwise. “Corporate inertia is a very real thing,” D’Agostino said in an interview with SALT, but when it comes to digital assets, corporate adoption is “moving very, very fast.”

What are the key support levels bulls need to defend to prevent a collapse in Bitcoin and selected altcoins? Let’s examine the charts of the top 10 cryptocurrencies to find out.