Bitcoin
BTC$70 734.57

1.57%

Ethereum
ETH$3 561.52

1.36%

Tether
USDT$1.000151

0.06%

Binance Coin
BNB$584.24

-0.38%

Solana
SOL$188.44

1.04%

XRP
XRP$0.623217

1.40%

How deep can the crypto market fall?


#Bitcoin

The cryptocurrency market capitalisation fell 1.2% over the past 24 hours to $2.21 trillion. The cryptocurrency Fear & Greed Index reacted rather sharply, losing 6 points to 23 and slipping back into extreme fear territory, remaining in the lower half of the scale for over a month.Among the top coins, Solana (+3%) and Tera (+6%) fared best, while Polkadot (-3.8%) Cardano (-3%) fared worst.

Bitcoin, which is sensitive to demand from US tech stocks, has lost more than 2% in the past 24 hours to $47.5K. Its rate continues to walk around the 200-day average, reflecting either indecision or a balance of power between buyers and sellers. At the same time, this line itself has reversed downwards, and the RSI on the daily charts remains near the oversold area.

Both of these indicators point to a possible failure of the price shortly. A bearish scenario could bring bitcoin back to 40K or even 30K fairly quickly if we see another episode of margin liquidation. Large long-term buyers are unlikely to return before the price drops to $20K.  Further evidence that the bears own the initiative in cryptocurrencies - ETHUSD is holding below $4000, confirming the shift from a rising to a downtrend in the last month. Should the sell-off intensify, potential buyers of Ether should look to $3350. The rally started from this level in early October, and now the 200-day moving average is near this mark. A break below it runs the risk of a buyers’ capitulation and would quickly land the rate at $2700. A longer-term bearish target is seen in the $1300-1700 area, where long-term buyers are expected.

The realisation of such a bearish scenario would return capitalisation to the $1 trillion area for the entire crypto market. This would be a slightly lesser failure than the top two currencies, as we believe that long-term investors are still looking for other projects outside of the two oldest currencies.Market Analyst live on the youtube channel.

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 79.6% 42 $70 734.57 1.57% 7.55% $1 391 140 747 215 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 77.2% 49 $3 561.52 1.36% 2.01% $427 638 198 492 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000151 0.06% 0.01% $104 520 065 350 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 62.4% 81 $584.24 -0.38% 3.68% $87 364 761 086 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 58.8% 88 $188.44 1.04% 5.47% $83 742 639 571 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 80% 28 $0.623217 1.40% -1.26% $34 204 799 381 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92.4% 2 $0.999973 -0.02% -0.02% $32 465 083 721 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 68% 66 $0.223035 9.88% 44.61% $32 041 022 250 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 69.2% 65 $0.648010 -0.09% 2.81% $23 057 951 234 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 57.6% 87 $54.31 0.70% 0.04% $20 497 699 245 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 58.4% 94 $0.000032 2.06% 16.86% $18 604 490 488 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 61.6% 87 $4.91 -0.21% 21.37% $17 033 025 216 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 74% 49 $9.49 0.09% 3.54% $13 542 332 162 DOT 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 77.6% 42 $19.11 -1.18% 4.52% $11 221 582 819 LINK 7 days price change
15 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 68.8% 59 $569.63 7.73% 37.59% $11 211 410 676 BCH 7 days price change

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