Despite positive developments in US stock indices, Bitcoin continued its unsuccessful attempts to consolidate above $23,000 on Wednesday. The crypto market has, at least, paused after rallying since the beginning of the year. Total capitalisation is down 2.9% over the last 24 hours but remains just above $1 trillion. Among the top altcoins, Ethereum loses 4.9%, while the rest are down between 2.9% (Litecoin) and 6% (Solana).
In Bitcoin, today's lows at $22.3K are part of a typical correction from the momentum of last week's lows. A break below $ 22.2K suggests a deeper correction to the $20.5-21.0K area.
According to Katie Wood, CEO of Ark Invest, the cryptocurrency market will enter a new phase in 2023. The mindset of long-term investors will determine whether the current wave of bitcoin growth is a bull trap or a strategic buying opportunity, Glassnode believes. For the first cryptocurrency to continue its rally, it will need to overcome a key resistance level at $25,000, according to cryptocurrency firm B2C2. Once this milestone is passed, there will be renewed interest from "outsiders" looking to get back into the market.
Bernstein said that the rally is unlikely to continue as there are no signs of "new injections" of funds into the crypto market.
European Parliament lawmakers voted that Banks holding cryptocurrencies in the EU will have to comply with stricter capital requirements for digital assets.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 95.6% | 2 | $26 889.42 | 1.99% | 1.21% | $524 310 325 162 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 90.8% | 5 | $1 650.74 | 2.84% | 3.91% | $198 478 152 971 | ||
3 | ![]() |
Tether predictions | 93.6% | 1 | $0.999955 | 0.08% | 0% | $83 272 842 471 | ||
4 | ![]() |
Binance Coin predictions | 92% | 4 | $214.70 | 1.20% | 1.50% | $33 030 424 118 | ||
5 | ![]() |
XRP predictions | 88.4% | 9 | $0.510427 | 2.17% | 0.06% | $27 212 086 699 | ||
6 | ![]() |
USD Coin predictions | 93.2% | 1 | $1.000039 | 0% | 0.01% | $25 590 467 629 | ||
7 | ![]() |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
8 | ![]() |
Wrapped TRON predictions | 84.4% | 24 | $0.088655 | 3.98% | 6.67% | $9 014 096 765 | ||
9 | ![]() |
Cardano predictions | 92.4% | 6 | $0.250264 | 2.34% | 2.20% | $8 791 380 177 | ||
10 | ![]() |
Dogecoin predictions | 93.6% | 5 | $0.061430 | 1.36% | -0.17% | $8 673 848 320 | ||
11 | ![]() |
Solana predictions | 87.2% | 20 | $20.19 | 4.78% | 3.31% | $8 336 099 498 | ||
12 | ![]() |
TRON predictions | 87.2% | 22 | $0.087251 | 2.02% | 4.97% | $7 772 636 407 | ||
13 | ![]() |
Toncoin predictions | 59.2% | 84 | $2.21 | 3.04% | -4.14% | $7 584 120 041 | ||
14 | ![]() |
Dai predictions | 93.2% | 1 | $0.999735 | -0.01% | 0.01% | $5 346 471 546 | ||
15 | ![]() |
Polkadot predictions | 88.4% | 7 | $4.07 | 1.85% | 1.21% | $5 003 217 488 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.