The cryptocurrency market has posted a bullish performance, marking a good start this week. The market started to rally above the trillion dollar mark towards the end of last month as the appeal of riskier assets increased amid the current bearish macroeconomic environment.

On Monday at 02:46 am EAT (East African Time), the market capitalization of all cryptocurrencies was $1.08 trillion, down 2.63% in the last 24 hours. Total crypto market volume over the past 24 hours hit $64.26 billion, down 41.82%, according to data platform Coingeko.

With the new month still a bullish one for the outlook, here’s a look at five cryptocurrencies investors should watch this week.

Bitcoin it has maintained its good performance and was trading higher at $21,251.06 after losing 0.31% of its value in the last 24 hours. The flagship cryptocurrency hit a seven-week high on Saturday after a better-than-expected U.S. employment report for October showed the labor market remains surprisingly strong, even as the Federal Reserve pushes to cool the economy.

The Altcoin market also continues to experience similar optimism. The price of Ethereum is down 3.26% compared to the previous week at $1,576, but the performance of cryptocurrencies has remained among the best this week. The token took advantage of the crypto market’s late momentum in October, rallying as high as $1,655 and attempting to get closer to its $1,700 target. In a span of two weeks, ETH managed to rise 30%, but the shocks of the Federal Reserve’s 75 basis point interest rate hike caught up with it and caused it to drop back to $1,500.

Meanwhile, Dogecoin was trading at $0.1243, down 3.17% in the last 24 hours, but has gained 96.41% in the last 30 days. by Elon Musk It recently completed its $44 billion acquisition of Twitter last week, sparking crypto bullishness.

Shiba Inu (SHIB) have also done well, up 25% in the last two weeks, although showing consolidation in the last 24 hours, indicating a 2% decline. Much of the growth the two meme coins saw is due to the attention it received from Elon Musk buying Twitter. The far-fetched idea that Dogecoin and Shiba Inu could be used on Twitter created massive buying pressure.

Arweave (AR) is also among the top performers since last week and continues to perform well today. Your current consumption is associated with Meta as the technology company is embarking on a massive Instagram revolution, which requires the involvement of third-party crypto projects in infrastructure solutions.

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