Bitcoin
BTC$64 158.52

-5.39%

Ethereum
ETH$3 293.13

-7.47%

Tether
USDT$0.999409

0.05%

Solana
SOL$179.39

-13.15%

Binance Coin
BNB$515.41

-8.38%

XRP
XRP$0.590443

-3.01%

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 However, its reading seems somewhat outdated, as the top coins have been trending in green so far today.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 64.4% 75 $64 158.52 -5.39% -10.80% $1 261 248 113 536 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.8% 69 $3 293.13 -7.47% -17.83% $395 430 984 754 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $0.999409 0.05% -0.09% $103 556 936 151 USDT 7 days price change
4 Solana (SOL) SOL Solana predictions 62% 79 $179.39 -13.15% 18.30% $79 627 852 258 SOL 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 58% 90 $515.41 -8.38% -2.73% $77 072 765 613 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 70.4% 60 $0.590443 -3.01% -15.03% $32 356 386 856 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 91.2% 2 $1.000008 0% 0.01% $31 328 635 187 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 62% 76 $0.617297 -8.59% -17.19% $21 954 351 712 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 62.8% 73 $57.23 -5.30% 20.60% $21 593 794 168 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 58% 89 $0.130659 -10.26% -23.41% $18 753 310 664 DOGE 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 59.2% 94 $0.000025 -8.23% -21.57% $14 976 749 268 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 64% 69 $3.79 -1.80% 6.60% $13 149 340 282 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 57.2% 87 $9.05 -11.08% -15.38% $12 879 745 483 DOT 7 days price change
14 TRON (TRX) TRX TRON predictions 85.2% 19 $0.118409 -6.02% -10.42% $10 399 825 289 TRX 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 85.6% 20 $0.117955 -6.54% -10.97% $10 359 849 114 WTRX 7 days price change

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