Bitcoin
BTC$57 317.30

6.05%

Ethereum
ETH$4 329.98

7.71%

Binance Coin
BNB$609.13

5.53%

Tether
USDT$1.000821

-0.05%

Solana
SOL$201.89

8.26%

Cardano
ADA$1.59

7.07%

Bitcoin and Ether increasingly move in line with stock market laws


15 Nov 2021

#Ethereum

Bitcoin has been adding 1% since the start of the day and is almost unchanged (-0.3%) to levels seven days ago at $65.8K. Consolidation in a very narrow range for cryptocurrencies has been observed since last Wednesday. However, this disposition is more on the bullish side. Bitcoin has climbed another notch higher, gaining local support on the dips to the previous resistance level at $63.5K.

The RSI index on the BTCUSD daily charts remains impressively far from overbought. The 50-day moving average is coming off the same degree of the slope we saw about a year ago. The cryptocurrency Fear & Greed Index remains at 72, exhibiting a truly narrow and persistent sideways trend, deviating weakly from this level in the last five weeks. The index's resilience on the edge of overheating is a healthy sign of a bull market.

Overall in cryptocurrencies, the past seven days have seen profit-taking processes or investors jumping from one coin to another. The total capitalisation of the crypto market has been virtually unchanged over the past seven days, remaining near $2.87 trillion with Bitcoin and $1.62 trillion excluding it.

Ethereum steadily gained support last week on a decline towards $4,500, failing to confirm a move into a correction after an impressive rise since early September. In recent months, major cryptocurrencies, which have become an integral part of investment portfolios, not just crypto-enthusiasts, are becoming more correlated with the mood of the stock market.

For example, we see pullbacks after highs have been updated, a more pronounced correlation of risk appetite in equity markets and cryptocurrencies, similar chart patterns and laws of technical analysis.

While the cryptocurrency market remains in its bullish phase, the tendency towards consolidation is worrisome, shaping the market's advance in small steps. Short-term sentiment markers for cryptocurrencies could be the exit of Ether and Bitcoin from their mini ranges, $4500-4800 and $63500-68000, respectively. The direction of the breakout could be a call to action for the entire crypto market.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 78.8% 42 $57 317.30 6.05% 0.30% $1 082 493 482 173 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82.4% 32 $4 329.98 7.71% 4.10% $513 241 890 424 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 74.4% 53 $609.13 5.53% 7.08% $101 603 589 194 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 94.8% 1 $1.000821 -0.05% 0.02% $73 181 280 297 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 69.2% 65 $201.89 8.26% -7.12% $61 384 548 102 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 67.2% 60 $1.59 7.07% -11.22% $52 994 241 732 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 74.4% 51 $0.977796 7.55% -5.78% $46 111 849 720 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 91.2% 2 $1.000263 -0.02% 0.06% $38 400 714 618 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 66% 75 $36.34 10.39% -9.36% $35 892 371 416 DOT 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62.4% 74 $0.205075 3.31% -7.25% $27 132 327 967 DOGE 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 66.8% 75 $113.04 7.34% -14.94% $25 302 145 754 AVAX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62% 77 $0.000040 5.31% -9.51% $21 695 676 622 SHIB 7 days price change
13 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 56% 90 $0.763021 5.29% 12.83% $19 276 211 216 CRO 7 days price change
14 Terra (LUNA) LUNA Terra predictions 64.8% 72 $48.97 15.39% 19.64% $19 240 048 048 LUNA 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 74.4% 46 $56 434.66 5.79% -0.91% $14 304 839 863 WBTC 7 days price change

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