Bitcoin (BTC) has witnessed a tough fight near the $ 58,000 mark but that has not stopped selected altcoins from hitting new all-time highs. It shows that traders are seeing fundamental developments in individual currencies.

One of the most recent major altcoins is Avalanche (AVAX), which rose more than 120% in November. The currency caught the attention of traders heading towards the announcement of accounting firm Deloitte, which plans to build its disaster relief platform on the Avalanche blockchain.

Daily view of crypto market data. Source: Coin360

In another step that reflects the growing crypto adoption, El Salvador’s President Naib Buckel has announced the launch of Bitcoin City, which will be powered by geothermal energy and will be initially financed by $ 1 billion worth of bitcoin bonds.

Could a strong buy at a lower level raise Bitcoin above $ 60,000 and will Altcoins participate in the recovery? Let’s study the charts of the top 5 cryptocurrencies that may attract traders in the short term.