Bitcoin
BTC$20 277.35

-2.12%

Ethereum
ETH$1 145.31

-3.04%

Tether
USDT$0.998764

-0.01%

USD Coin
USDC$1.000530

0.03%

Binance Coin
BNB$224.81

-4.04%

Binance USD
BUSD$1.000787

0.10%

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 56.4% 92 $20 277.35 -2.12% -0.29% $386 889 430 746 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 57.6% 90 $1 145.31 -3.04% 4.85% $138 969 035 870 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $0.998764 -0.01% -0.03% $66 742 331 401 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000530 0.03% 0.05% $55 832 163 481 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 56.8% 89 $224.81 -4.04% 4.38% $36 706 159 546 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000787 0.10% 0.21% $17 397 351 213 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 63.2% 80 $0.335982 -2.23% 4.31% $16 242 394 323 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66% 75 $0.471136 -2.23% 1.44% $15 987 555 258 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 67.6% 66 $35.51 -5.44% 2.11% $12 172 607 058 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 80 $0.066802 -4.36% 6.01% $8 862 682 263 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 63.2% 78 $7.30 -3.42% -2.45% $7 213 387 817 DOT 7 days price change
12 Dai (DAI) DAI Dai predictions 94.4% 1 $1.000157 0.01% 0.09% $6 718 514 631 DAI 7 days price change
13 TRON (TRX) TRX TRON predictions 58.4% 91 $0.065880 0.37% 2.62% $6 093 590 634 TRX 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 66.4% 74 $0.000010 -7.02% 4.64% $5 528 798 046 SHIB 7 days price change
15 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 71.6% 50 $5.75 -1.33% -2.42% $5 482 403 972 LEO 7 days price change

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