Bitcoin
BTC$62 497.73

3.96%

Ethereum
ETH$3 342.45

4.34%

Tether
USDT$1.000284

-0.01%

Binance Coin
BNB$562.95

4.80%

Solana
SOL$151.79

4.57%

USD Coin
USDC$0.999953

-0.02%

Bitcoin, Ethereum corridor and new dog race?


17 Aug 2022

#Dogecoin

Bitcoin has added 1.5% to $24.3K in the past 24 hours. Over the past couple of hours, the first cryptocurrency has regained Tuesday's slump, finding support from buyers at last Friday's local lows. Ethereum, following trends in recent weeks, is returning the drawdown even more vividly, adding 3.3% overnight to $1940. Top altcoins are rising between 1.7% (BNB) and 11.3% (Dogecoin).

Bitcoin has added 1.5% to $24.3K in the past 24 hours

The total capitalisation of the crypto market, according to CoinMarketCap, rose 2% to $1.16 trillion overnight. Gold and silver crypto are firmly in an uptrend corridor, turning to rise today before touching the lower boundary.

Dogecoin was the highest gainer in the top 100 crypto-assets, adding around 30% for the week. Another dog coin, Shiba Inu, is also growing. The community has already managed to call it a dog race. In both cases, it is a manifestation of retail investor activity, similar to the run-up in meme stocks that is happening again in the stock markets.

Dogecoin was the highest gainer in the top 100 crypto-assets

News background

According to Arcane Research, miners have been selling more BTC than mining for three consecutive months since May. While bitcoin's rise in July has eased the pressure on miners, they continue to sell off previously accumulated stockpiles. PayPal, the largest electronic payment system, has added the ability to buy, sell and transfer cryptocurrencies via a mobile app. One of Brazil's largest banks, BTG Pactual, has launched a platform for investing in cryptocurrencies.

Ethereum, following trends in recent weeks, is returning the drawdown even more vividly, adding 3.3% overnight to $1940

The US Federal Reserve is issuing new rules for cryptocurrency banks, under which they can be granted master accounts, a key financial status, allows direct payments and access to the regulator. The European Union authorities will create a new regulatory authority, AMLA, to directly oversee the industry.


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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 72.8% 46 $62 497.73 3.96% 9.31% $1 232 824 254 427 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 74.8% 49 $3 342.45 4.34% 9.45% $401 822 790 691 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.000284 -0.01% 0.05% $112 568 904 818 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 72.4% 47 $562.95 4.80% 9.27% $83 080 767 428 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 82.4% 29 $151.79 4.57% 7.35% $70 441 320 665 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $0.999953 -0.02% 0% $34 042 764 417 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 76.8% 37 $0.536378 1.46% 21.85% $29 932 767 297 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 85.6% 21 $7.40 0.90% 2.55% $18 561 948 714 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 72.4% 49 $0.117199 3.86% 7.05% $17 008 481 517 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 80% 35 $0.433404 0.42% 14.73% $15 550 967 146 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 79.6% 40 $0.138397 0.56% 10.28% $12 057 302 163 TRX 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 75.6% 44 $26.79 3.41% -0.93% $10 567 742 536 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 81.6% 37 $0.000018 2.90% 7.01% $10 487 679 156 SHIB 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 94.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 95.2% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

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