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 | 64.8% | 78 | $22 855.29 | -3.86% | -0.53% | $440 592 629 611 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 63.2% | 83 | $1 571.05 | -4.53% | -3.62% | $192 254 948 671 |  |
|
| 3 |  USDT |
Tether predictions | 91.6% | 1 | $1.000106 | 0% | -0.01% | $67 818 518 303 |  |
|
| 4 |  BNB |
Binance Coin predictions | 69.2% | 62 | $307.09 | -3.92% | 0.39% | $48 489 817 539 |  |
|
| 5 |  USDC |
USD Coin predictions | 92.4% | 1 | $1.000146 | 0.02% | 0.02% | $42 719 163 166 |  |
|
| 6 |  XRP |
XRP predictions | 66% | 65 | $0.392404 | -6.64% | -7.29% | $19 935 533 079 |  |
|
| 7 |  BUSD |
Binance USD predictions | 96% | 1 | $1.000168 | 0% | 0.01% | $15 734 836 580 |  |
|
| 8 |  ADA |
Cardano predictions | 64% | 72 | $0.371921 | -6.16% | -1.30% | $12 866 103 968 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 70% | 64 | $0.089441 | -1.18% | 0.71% | $11 866 270 466 |  |
|
| 10 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 67.2% | 74 | $1.092517 | -6.94% | 9.99% | $9 542 387 704 |  |
|
| 12 |  SOL |
Solana predictions | 56.4% | 94 | $23.92 | -8.74% | -1.24% | $8 889 597 245 |  |
|
| 13 |  DOT |
Polkadot predictions | 58.8% | 81 | $6.21 | -6.54% | -5.75% | $7 150 468 683 |  |
|
| 14 |  LTC |
Litecoin predictions | 69.6% | 55 | $93.29 | -1.81% | 3.12% | $6 732 701 641 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 64.4% | 80 | $0.000012 | -4.57% | -3.85% | $6 339 026 139 |  |
