Bitcoin
BTC$70 391.42

0.94%

Ethereum
ETH$3 572.68

0.27%

Tether
USDT$0.999924

-0.02%

Binance Coin
BNB$590.45

2.95%

Solana
SOL$187.31

0.55%

XRP
XRP$0.622110

0.29%

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 However, its reading seems somewhat outdated, as the top coins have been trending in green so far today.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 75.6% 43 $70 391.42 0.94% 5.01% $1 384 341 400 555 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72.8% 48 $3 572.68 0.27% 1.54% $428 977 862 024 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $0.999924 -0.02% -0.05% $104 446 201 920 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 59.2% 80 $590.45 2.95% 7.22% $88 285 002 059 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 57.6% 89 $187.31 0.55% -0.74% $83 222 109 252 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 80.4% 31 $0.622110 0.29% 2.78% $34 144 035 760 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92% 2 $1.000218 0.01% -0.04% $32 153 029 155 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 68.8% 68 $0.199737 9.05% 30.01% $28 691 994 148 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 66.4% 67 $0.650726 0.41% 2.90% $23 152 771 268 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 59.2% 88 $54.89 -0.01% 0.77% $20 716 622 984 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 54.8% 94 $0.000031 2.01% 14.90% $18 165 782 714 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 58.8% 88 $4.94 0.34% 18.78% $17 146 680 926 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 76% 52 $9.60 0.99% 2.69% $13 699 416 852 DOT 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 75.2% 42 $19.51 -0.15% 7.48% $11 452 015 677 LINK 7 days price change
15 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 68.4% 60 $561.78 15.30% 30.22% $11 056 516 456 BCH 7 days price change

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