Price analysis 4/28: BTC, ETH, BNB, XRP, ADA, DOGE, DOT, UNI, LTC, BCH

Bitcoin (BTC) has slowed down after its sharp relief rally over the past 48 hours, but Ether (ETH) is in no mood to rest as it continues to chase new all-time highs.

The biggest altcoin by market capitalization seems to have received a boost from the news of the launch of a 100-million-euro ($120.8 million) digital bond sale on its network by the European Investment Bank.

Meanwhile, Bitcoin’s institutional adoption has continued to expand. Japanese game developer Nexon disclosed the purchase of 1,717 Bitcoin at an average price of $58,226, for a total consideration of about $100 million. Nexon president and CEO Owen Mahoney said the investment was done to protect shareholder value and maintain the purchasing power of cash assets.

Daily cryptocurrency market performance. Source: Coin360

It is not only the Bitcoin purchases by companies that is catching investor’s attention. Goldman Sachs said that crypto-related stocks have risen 43% this year, outperforming the S&P 500 by a wide margin, which is up over 13% year-to-date. This shows that legacy investors are piling into stocks closely related to cryptocurrencies.

Even Time magazine has acknowledged the rise of crypto companies, naming Coinbase and Digital Currency Group in its Top 100 Most Influential Companies list for 2021. While DCG was listed in the “disrupter” category, Coinbase made the grade under the “titan” category.

Will the strengthening fundamentals result in price appreciation across the crypto market? Let’s analyze the charts of the top 10 cryptocurrencies to find out.