2 Cryptos That Could Lead the Market Recovery

The downturn in the crypto market might end up lasting for a shorter time than many expected. There are already encouraging signs that retail investors' risk appetites could be returning, given the mini-rallies we've seen this summer in some tokens. At the same time, some institutional investors appear to be preparing to take new positions in crypto, potentially leading to a broad-based market recovery.

So which cryptos will lead the rebound? Right now, the best candidates are Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). They are the two largest cryptocurrencies by market cap, and both of them are the intense focus of investor attention heading into the fall. 

Bitcoin has always set the tone for the crypto market, and there is no reason to think that this time will be any different. Most encouraging for investors is the fact that Bitcoin recently tested a key support level ($20,000) and now appears to be headed upward. The next key support level could be $30,000. If Bitcoin can maintain that threshold, then we could easily see the return of prices that we saw earlier this summer.

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Source Fool.com