Bitcoin as crypto safe haven now
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 61.2% | 80 | $30 508.12 | 1.26% | -1.89% | $580 960 193 914 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 61.6% | 79 | $2 093.04 | 2.32% | -11.39% | $252 881 782 711 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.998966 | 0.01% | -0.09% | $74 132 298 378 |  |
|
| 4 |  USDC |
USD Coin predictions | 96% | 1 | $1.000154 | -0.02% | 0.03% | $52 257 397 746 |  |
|
| 5 |  BNB |
Binance Coin predictions | 59.6% | 79 | $306.44 | 1.60% | -4.39% | $50 035 144 123 |  |
|
| 6 |  XRP |
XRP predictions | 65.6% | 70 | $0.439088 | 2.06% | -15.23% | $21 226 851 531 |  |
|
| 7 |  ADA |
Cardano predictions | 68.4% | 70 | $0.576828 | 2.14% | -8.94% | $19 508 461 980 |  |
|
| 8 |  SOL |
Solana predictions | 62.4% | 80 | $57.33 | 4.48% | -15.31% | $19 341 508 411 |  |
|
| 9 |  BUSD |
Binance USD predictions | 96% | 1 | $1.002166 | 0.04% | 0.04% | $18 233 995 659 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 62% | 80 | $0.090315 | 1.22% | -17.60% | $11 982 202 523 |  |
|
| 11 |  DOT |
Polkadot predictions | 64% | 77 | $11.07 | 1.94% | -3.93% | $10 927 928 134 |  |
|
| 12 |  AVAX |
Avalanche predictions | 63.2% | 78 | $34.86 | 4.21% | -23.49% | $9 380 362 142 |  |
|
| 13 |  WBTC |
Wrapped Bitcoin predictions | 61.2% | 80 | $30 511.34 | 1.34% | -2.03% | $8 645 506 751 |  |
|
| 14 |  TRX |
TRON predictions | 72.4% | 60 | $0.072411 | 3.63% | -6.41% | $7 071 146 113 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 60.4% | 78 | $0.000013 | 2.45% | -24.21% | $6 898 547 303 |  |
