Bitcoin
BTC$26 346.66

0.59%

Ethereum
ETH$1 592.40

0.82%

Tether
USDT$0.999933

-0.01%

Binance Coin
BNB$211.30

1.21%

XRP
XRP$0.505442

0.68%

USD Coin
USDC$1.000084

0%

Bitcoin hits its resistance again


17 Feb 2022

#Bitcoin

Bitcoin ended Wednesday with symbolic gains, gaining 0.1% to stay around $44,100. Ethereum rose 1.4%, and the other leading altcoins in the top ten also showed mostly upward momentum, from 0.3% (Binance Coin) to 5.5% (Avalanche). The total capitalization of the crypto market, according to CoinGecko, grew by 0.9% over the day, to $2.09 trillion. Altcoins were in high demand, which led to a decrease in the Bitcoin dominance index by 0.3%, to 40.1%. The Fear and Greed Index rose another 1 point to 52 (neutral).

For the second time this month, Bitcoin's growth is interrupted by attempts to gain a foothold above $45,000. In the event of a pullback, traders should monitor the dynamics near 42,000, where Bitcoin found support at the beginning of the week. Consolidation between 42,000 and 45,000 can be regarded as a positive signal, as it will consolidate confidence that the downtrend of recent months will not resume after a pause.

The US Securities and Exchange Commission (SEC) has launched an audit of the US representative office of the Binance crypto exchange. The Canadian authorities intend to track transactions in cryptocurrencies and block bank accounts in order to cut off funding for the Freedom Convoy truckers' protest movement.

Twitter has added support for Ethereum addresses to the money transfer service within its application. The Bank of Russia plans to start the second stage of testing the cryptoruble in autumn.

On Thursday morning, the markets and bitcoin experienced a downward momentum due to news of shelling in Ukraine. Cryptocurrencies reacted impulsively as a risk asset, but last week's example shows that they can also act as safe havens, as some investors may try to save capital using Bitcoin, Ethereum, and a number of other large altcoins.


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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 94.8% 4 $26 346.66 0.59% -1.73% $513 656 016 235 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 89.6% 6 $1 592.40 0.82% -2.85% $191 454 189 109 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $0.999933 -0.01% -0.03% $83 202 317 322 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 92.4% 4 $211.30 1.21% -2.51% $32 508 023 543 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 91.2% 8 $0.505442 0.68% -1.15% $26 912 401 662 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000084 0% 0% $25 663 582 993 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Cardano (ADA) ADA Cardano predictions 92% 7 $0.246841 0.96% -2.84% $8 669 738 490 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 90.8% 6 $0.061034 0.09% -1.80% $8 615 547 524 DOGE 7 days price change
10 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 86.4% 17 $0.083387 -0.38% 0.80% $8 478 470 341 WTRX 7 days price change
11 Solana (SOL) SOL Solana predictions 84.8% 23 $19.49 0.08% -1.95% $8 043 301 053 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 83.2% 20 $0.084716 0.81% 0.44% $7 549 504 083 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 59.2% 80 $2.15 -2.31% -11.41% $7 388 965 662 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 94% 1 $1.000435 0.05% 0.02% $5 350 213 017 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 82.8% 23 $4.07 1.62% -0.92% $5 000 067 072 DOT 7 days price change

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