Bitcoin
BTC$41 576.95

5.30%

Ethereum
ETH$2 235.52

3.52%

Tether
USDT$1.000270

0%

Binance Coin
BNB$228.99

0.40%

XRP
XRP$0.619161

-1.50%

Solana
SOL$61.81

-2.64%

Bitcoin dipped into a flat


13 Jul 2022

#Bitcoin

Bitcoin was down 5% on Tuesday, ending it at around $19,400 and remaining near that level by the start of European trading. Ethereum has lost 3.3% in the last 24 hours to $1055. Altcoins from the top 10 fell from 1% (BNB) to 4.2% (Cardano). Total cryptocurrency market capitalisation, according to CoinMarketCap, sank 2.1% to $870bn overnight. The Cryptocurrency Fear and Greed Index lost 1 point to 15. Bitcoin fell the most since Tuesday’s beginning of the month amid a stock indices decline.

BTC fell below $20,000 and tested eight-day lows below $19,300. On weekly timeframes, Bitcoin remains pinned to the oversold RSI area and under the 200-week moving average. While indicating that the market has gone too far and too fast during the recent sell-off, this disposition does not yet show signs of rebound.

The bear markets of bitcoin and other risky assets of the past teach us that a sell-off is usually followed by a prolonged sideways move but not a V-shaped rebound. Moreover, a final reversal is often preceded by a power failure - a capitulation that makes assets ridiculously cheap, which we have yet to see. According to CoinShares, institutional investors have shown little interest in crypto. Capital inflows into crypto funds last week amounted to $15 million, with about half of the funds coming into Ethereum products, with inflows into ETH rising for the third week.

Bitcoin dipped into a flat

Inflows into funds that allow shorts on bitcoin fell to $6.3 million from $51 million a week earlier. The market has yet to form a bold ‘bottom’. Cryptocurrencies could soon face severe problems as they lack catalysts for growth in the face of widespread adversity, according to CoinShares.


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Bitcoin set for a deeper correction
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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 84.8% 16 $41 576.95 5.30% 12.15% $813 278 074 420 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 84.8% 27 $2 235.52 3.52% 10.36% $268 783 743 289 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000270 0% -0.01% $89 671 794 426 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 82% 26 $228.99 0.40% 1.18% $34 736 943 859 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 79.6% 30 $0.619161 -1.50% 2.49% $33 365 715 637 XRP 7 days price change
6 Solana (SOL) SOL Solana predictions 65.2% 67 $61.81 -2.64% 12.13% $26 228 006 615 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999862 0% -0.03% $24 495 724 959 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 83.2% 28 $0.401317 1.98% 5.17% $14 170 456 557 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 77.2% 39 $0.087341 3.07% 10.22% $12 410 677 949 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 84.8% 19 $0.103487 0.21% -0.87% $9 160 263 969 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84% 21 $0.103391 0.15% -1.06% $9 151 745 199 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 75.2% 43 $15.58 -2.52% 8.92% $8 673 186 738 LINK 7 days price change
14 Toncoin (TON) TON Toncoin predictions 85.2% 20 $2.42 0.07% 1.16% $8 291 917 227 TON 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 56.8% 87 $21.88 -0.53% 6.31% $7 991 965 891 AVAX 7 days price change

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