BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LINK

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Bitcoin (BTC) has made a smart bounce in the past few days and interest in the crypto sector seems to be rising. JPMorgan Chase has added access to a new Bitcoin fund created by the New York Digital Investment Group (NYDIG) for its private banking clients.

The increasing number of traditional financial institutions offering crypto trading opportunities to their customers shows that the sector is in high demand.

On-chain analyst Willy Woo recently said that strongholders had picked up Bitcoin and “locked it away for long-term investment,” creating a supply shortage. Woo added that he “has not seen such an opportunity for a supply shock since the fourth quarter of 2020, when BTC was set at $ 10,000 only to be reset to $ 60,000 in the months thereafter.”

Daily performance of the cryptocurrency market. Source: Coin360

Billionaire hedge fund manager Ray Dalio said on CNBC that Bitcoin was “something like digital gold” and an important asset for diversifying the portfolio. However, Dalio seemed more inclined to gold when only one asset had to be selected from the two.

Andreessen Horowitz co-founder Marc Andreessen drew a more optimistic view of Bitcoin, calling it “one of the most amazing things I’ve ever seen” and a “fundamental technological breakthrough”.

Will Bitcoin and Altcoins start a stronger rally as demand increases? Let’s check out the top 10 cryptocurrency charts to find out.