Bitcoin
BTC$30 508.12

1.26%

Ethereum
ETH$2 093.04

2.32%

Tether
USDT$0.998966

0.01%

USD Coin
USDC$1.000154

-0.02%

Binance Coin
BNB$306.44

1.60%

XRP
XRP$0.439088

2.06%

Bitcoin as crypto safe haven now


19 Jan 2022

#Bitcoin

Crypto market capitalisation slipped another 1.4% to $1.97trn. Attempts to rebound with a return above the round level faced further pressure in the morning. Notably, this time, altcoins are falling ahead of the curve. Bitcoin lost 0.8% overnight, and its share of total market capitalisation rose to 40%. The turning point in the trend was evident at the start of the week. And it means that the crypto market is starting to get scared.

Interestingly, the Crypto Fear and Greed Index remains at 24 - extreme fear - for the second day. These are low levels but do not indicate a worsening of the situation. On the contrary, the index is creeping upwards. Bitcoin is trading near 41.7k, managed to hold above 40k yesterday despite massive pressure in traditional markets. However, this local support is unlikely to withstand sustained pressure.

Bitcoin is received support this week as investors sold altcoins, favouring the first cryptocurrency. This spillover is reminiscent of a risk-off situation, where the most liquid assets are in demand. Simply put, bitcoin is the crypto safe haven.

But everything is relative. Bitcoin hardly looks stable enough for most investors in it. The dynamics of bitcoin and ether near $40k and $3k, respectively, are worth keeping an eye on this week. A consolidation below these levels could start the next phase for cryptocurrency markets with higher volatility and accelerating declines in the early stages.


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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 61.2% 80 $30 508.12 1.26% -1.89% $580 960 193 914 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 61.6% 79 $2 093.04 2.32% -11.39% $252 881 782 711 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.998966 0.01% -0.09% $74 132 298 378 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000154 -0.02% 0.03% $52 257 397 746 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 59.6% 79 $306.44 1.60% -4.39% $50 035 144 123 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 65.6% 70 $0.439088 2.06% -15.23% $21 226 851 531 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 68.4% 70 $0.576828 2.14% -8.94% $19 508 461 980 ADA 7 days price change
8 Solana (SOL) SOL Solana predictions 62.4% 80 $57.33 4.48% -15.31% $19 341 508 411 SOL 7 days price change
9 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.002166 0.04% 0.04% $18 233 995 659 BUSD 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62% 80 $0.090315 1.22% -17.60% $11 982 202 523 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 64% 77 $11.07 1.94% -3.93% $10 927 928 134 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 63.2% 78 $34.86 4.21% -23.49% $9 380 362 142 AVAX 7 days price change
13 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 61.2% 80 $30 511.34 1.34% -2.03% $8 645 506 751 WBTC 7 days price change
14 TRON (TRX) TRX TRON predictions 72.4% 60 $0.072411 3.63% -6.41% $7 071 146 113 TRX 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 60.4% 78 $0.000013 2.45% -24.21% $6 898 547 303 SHIB 7 days price change

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