Bitcoin
BTC$23 133.58

1.42%

Ethereum
ETH$1 599.61

1.91%

Tether
USDT$1.000200

0%

Binance Coin
BNB$308.24

1.67%

USD Coin
USDC$1.000019

0.01%

XRP
XRP$0.411013

1.13%

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 59.6% 88 $23 133.58 1.42% 2.54% $445 891 712 056 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.8% 85 $1 599.61 1.91% -3.05% $195 750 597 878 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000200 0% -0.01% $67 517 933 738 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 66.8% 72 $308.24 1.67% 1.96% $48 671 544 877 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000019 0.01% 0% $43 082 295 663 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 62.4% 74 $0.411013 1.13% 0.32% $20 880 931 213 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $0.999820 -0.03% 0% $15 795 578 015 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 60% 79 $0.388458 4.39% 7.93% $13 434 775 806 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 64% 75 $0.087652 3.23% 1.90% $11 628 821 575 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 64.8% 78 $1.15 6.09% 12.97% $10 037 291 413 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 56% 90 $24.52 3.04% -1.34% $9 108 971 332 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 60.8% 87 $6.59 3.20% 5.92% $7 587 320 916 DOT 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 60% 92 $20.97 17.46% 21.07% $6 601 353 493 AVAX 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.4% 84 $0.000012 2.99% -2.16% $6 480 328 787 SHIB 7 days price change

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