BTC, SOL, HT, ETC, AAVE

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Bitcoin (BTC) price closed the month down 1.98%, which, according to Bybit, was the first negative April closing price since 2015.

In the same month, the price of Ether (ETH) rose over 44% to hit a new all-time high near $ 3,000. This large divergence between the two major cryptocurrencies shows that the markets have matured and the underperformance of Bitcoin Altcoins is no longer as much impacting as it was in the past.

Ether’s uptrend has resulted in heavy buying from traders. Data from Bybit suggests that open positions in ether futures rose to $ 8.5 billion on April 29, up 52% ​​from the previous month. This increase was supported by professional traders, who seem to have been more optimistic about Ether than private investors, as Cointelegraph employee Marcel Pechman pointed out.

Day view of crypto market data. Source: Coin360

The strong performance of the crypto sector continues to attract a wide range of investors. According to the Financial Times, VC firm Andreessen Horowitz plans to capitalize on this growing demand by raising between $ 800 and $ 1 billion for another fund. The flow of money into various crypto projects shows that investors are optimistic over the long term.

William Stromberg, CEO of T. Rowe Price, said in an interview with the Baltimore Business Journal that the crypto space is still in its infancy and it “could be years before it really unfolds”.

Let’s take a look at the top 5 cryptocurrencies that could stay bullish in the short term as Ether tops the altcoin fee.