Bitcoin
BTC$22 855.29

-3.86%

Ethereum
ETH$1 571.05

-4.53%

Tether
USDT$1.000106

0%

Binance Coin
BNB$307.09

-3.92%

USD Coin
USDC$1.000146

0.02%

XRP
XRP$0.392404

-6.64%

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

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