Bitcoin: Early Signs of Crypto Winter
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 59.2% | 81 | $16 874.70 | 3.65% | 1.89% | $324 337 050 706 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 61.6% | 79 | $1 266.25 | 6.98% | 8.69% | $154 955 601 290 |  |
|
| 3 |  USDT |
Tether predictions | 93.6% | 1 | $0.999728 | 0.01% | 0.07% | $65 344 934 206 |  |
|
| 4 |  BNB |
Binance Coin predictions | 68.4% | 65 | $296.30 | -0.06% | 8.15% | $47 398 738 411 |  |
|
| 5 |  USDC |
USD Coin predictions | 90.8% | 1 | $0.999939 | -0.03% | -0.04% | $43 268 973 600 |  |
|
| 6 |  BUSD |
Binance USD predictions | 92.8% | 1 | $1.000196 | 0.03% | -0.09% | $22 374 674 909 |  |
|
| 7 |  XRP |
XRP predictions | 66% | 66 | $0.401945 | 4.59% | 6.55% | $20 213 805 129 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 57.2% | 85 | $0.106316 | 5.04% | 30.08% | $14 104 970 590 |  |
|
| 9 |  ADA |
Cardano predictions | 60.4% | 81 | $0.313237 | 1.61% | -1.08% | $10 787 813 925 |  |
|
| 10 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 64.8% | 72 | $0.859004 | 3.26% | -0.55% | $7 502 809 463 |  |
|
| 12 |  DOT |
Polkadot predictions | 65.6% | 67 | $5.39 | 4.32% | -0.09% | $6 145 246 302 |  |
|
| 13 |  DAI |
Dai predictions | 91.2% | 1 | $0.999629 | -0.07% | -0.19% | $5 639 262 730 |  |
|
| 14 |  LTC |
Litecoin predictions | 66% | 74 | $78.44 | 3.69% | -3.79% | $5 626 037 116 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 66.4% | 66 | $0.053898 | 1.37% | 5.61% | $5 480 160 672 |  |
