Bitcoin
BTC$66 524.97

-0.17%

Ethereum
ETH$3 470.30

-4.04%

Tether
USDT$0.999641

0.03%

Binance Coin
BNB$604.23

-0.94%

Solana
SOL$141.66

-5.86%

USD Coin
USDC$1.000031

-0.03%

Bitcoin investors seem keen to capitalise on a very successful year


03 Dec 2021

#Bitcoin

For the third day in a row, bitcoin is hovering around $56.7K with a slight downward bias. The pressure from traditional financial markets is already hard to speak of as there has been some rebound. This time around, the stability of bitcoin dynamics is not a balance between a furious tug-of-war and a tight spring. Instead, we see neat selling on growth attempts, with bitcoin sellers turning the price around each time from ever-lower levels.

The Cryptocurrency Fear and Greed Index lost another point, dropping to 31. However, its reading seems somewhat outdated, as the top coins have been trending in green so far today. Over the past 24 hours, the total capitalisation of the crypto market has risen by 0.85% to 2.62.

During the week, a whole cycle of market sentiment shifted with a sharp dip, followed by recovery and a local renewal of highs. Still, already on Thursday, it was noticeable how enthusiastic buying was met with selling pressure.

It seems that retail and short-term investors in cryptocurrencies are keen to capitalise on a very successful year. That said, it is hardly fair to speak of any fundamental break in the bullish trend.

The market's optimism is also supported by ETHUSD. It picked up on Thursday on a drawdown below 4500. We have yet to find out whether this was a sign of the end of a mini-correction. This Friday promises to be very turbulent for the financial markets, which are near key levels ahead of the publication of the labour market data. It used to be the most unpredictable and meaningful market news, although now the Fed's interpretation of the published data sets the tone.


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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 89.2% 15 $66 524.97 -0.17% -4.31% $1 311 455 014 677 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 83.2% 23 $3 470.30 -4.04% -5.27% $416 988 728 976 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $0.999641 0.03% 0.01% $112 520 511 276 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 83.2% 25 $604.23 -0.94% -3.18% $89 175 270 878 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 76.8% 40 $141.66 -5.86% -10.85% $65 417 369 361 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 91.6% 3 $1.000031 -0.03% 0.01% $32 469 424 955 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 83.2% 31 $0.504740 3.29% 1.90% $28 048 618 997 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 68% 67 $7.70 -3.11% 6.62% $18 763 016 810 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 67.2% 61 $0.126978 -7.45% -12.13% $18 380 493 762 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 79.2% 40 $0.399356 -4.11% -9.09% $14 270 747 085 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 57.2% 94 $0.000019 -7.72% -15.73% $11 374 710 142 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 68.8% 58 $28.47 -5.14% -11.84% $11 199 463 831 AVAX 7 days price change
13 Lido stETH (STETH) STETH Lido stETH predictions 93.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 88.4% 9 $0.116997 1.04% -0.13% $10 228 242 390 WTRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 91.6% 1 $66 511.56 -0.39% -4.26% $10 191 948 588 WBTC 7 days price change

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