Bitcoin
BTC$28 035.57

1.66%

Ethereum
ETH$1 775.07

1.02%

Tether
USDT$1.000976

-0.19%

Binance Coin
BNB$323.46

-0.40%

USD Coin
USDC$0.999601

0.01%

XRP
XRP$0.428645

-4.23%

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 69.6% 54 $28 035.57 1.66% 4.95% $541 839 096 808 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78% 39 $1 775.07 1.02% 1.84% $217 221 883 335 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000976 -0.19% -0.14% $78 562 701 230 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 76.4% 51 $323.46 -0.40% -2.95% $51 071 426 316 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94.4% 2 $0.999601 0.01% -0.01% $34 392 573 197 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 85.2% 21 $0.428645 -4.23% 14.37% $21 839 846 254 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 58.8% 82 $0.096384 -19.91% 10.66% $16 714 004 185 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 76% 43 $0.362541 -2.33% 6.05% $12 588 135 268 ADA 7 days price change
9 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 74% 51 $0.075059 -2.95% 0.21% $9 958 117 300 DOGE 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 76.4% 48 $1.11 -1.01% -7.45% $9 708 811 453 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 74.4% 52 $21.67 -0.29% 6.07% $8 316 110 713 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $0.996930 -0.27% -0.39% $8 039 266 757 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 71.6% 49 $6.16 -0.32% -4.71% $7 244 608 987 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 68% 58 $91.86 0.28% 9.72% $6 664 265 906 LTC 7 days price change

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