Bitcoin
BTC$27 072.74

-0.31%

Ethereum
ETH$1 894.87

-0.29%

Tether
USDT$1.000237

-0.01%

Binance Coin
BNB$306.06

-0.12%

USD Coin
USDC$0.999884

-0.01%

XRP
XRP$0.522198

-0.25%

Bitcoin: Early Signs of Crypto Winter


21 Feb 2022

#Bitcoin

Last week, BTC repeated the dynamics of the first ten days of February. The rate strengthened on Monday-Tuesday, and on Wednesday, it exceeded the level of $44,800. Then on Thursday, the price began to fall sharply in unison with stock indices. The decrease in risky assets was caused by the growing tension around Ukraine, where the situation is becoming tenser.

On Friday, Bitcoin continued to fall, briefly dropping below the round level of $40,000. This mark was broken on Sunday, and BTC tested the next support level at $38,000. The situation is aggravated by the increase in cryptocurrency sales by miners. As a result, the bears may try to push the price to $36,000 and even $33,000.

Today, on hopes of a political de-escalation, BTCUSD is up 2.5%, trying to cling to levels above $39,000. I must say that bitcoin has lost all the growth of February over the past week. In addition to the upcoming Fed rate hike, BTC has been hit by growing geopolitical risks.

In addition to this, the founder of Ethereum, Vitalik Buterin, noted that he sees early signs of the onset of crypto winter. This spurred crypto sales among retail investors over the weekend. However, ETHUSD is up 5.3% on Monday, recouping Sunday's decline and continuing to struggle to close the third month in the red.

Overall, Bitcoin was down 9.2% over the past week, ending it at around $38,300. Ethereum lost 9.7%, other leading altcoins from the top ten also sank: from 3.3% (Avalanche) to 11% (Cardano). The total capitalization of the crypto market fell by 7% in a week, to $1.82 trillion. The Bitcoin dominance index fell 0.7% to 40%, due to less weakening of altcoins. The Bitcoin Fear and Greed Index lost another 2 points to 25 on Monday, returning to the extreme fear territory.


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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 90.8% 9 $27 072.74 -0.31% -0.57% $524 998 864 858 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90% 5 $1 894.87 -0.29% 2.21% $227 827 686 185 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000237 -0.01% -0.01% $83 172 174 121 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.2% 3 $306.06 -0.12% -0.96% $47 701 185 151 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999884 -0.01% -0.02% $28 901 071 500 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 74.4% 45 $0.522198 -0.25% 10.27% $27 147 495 980 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 90% 5 $0.378860 0.52% 1.56% $13 220 010 862 ADA 7 days price change
8 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 90% 10 $0.072655 0.32% -0.38% $10 144 189 079 DOGE 7 days price change
10 Solana (SOL) SOL Solana predictions 83.6% 26 $21.27 0.60% 3.64% $8 443 365 511 SOL 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 85.6% 24 $0.903134 0.55% -2.81% $8 380 602 516 MATIC 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 74.8% 41 $0.081699 -2.02% 5.66% $8 306 858 508 WTRX 7 days price change
13 TRON (TRX) TRX TRON predictions 78.4% 46 $0.081792 -2.14% 5.52% $7 377 081 997 TRX 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 76.4% 43 $95.39 0.78% 5.98% $6 970 331 292 LTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 92.4% 7 $5.34 1.40% -0.79% $6 358 029 850 DOT 7 days price change

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