Bitcoin
BTC$17 101.84

1.27%

Ethereum
ETH$1 282.48

1.20%

Tether
USDT$0.999994

0.01%

Binance Coin
BNB$300.71

0.02%

USD Coin
USDC$1.000052

0%

Binance USD
BUSD$0.999988

0.02%

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 However, its reading seems somewhat outdated, as the top coins have been trending in green so far today.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 66.4% 75 $17 101.84 1.27% 3.22% $328 724 568 377 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 73 $1 282.48 1.20% 7.27% $156 941 554 038 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $0.999994 0.01% 0.06% $65 362 262 254 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 67.6% 64 $300.71 0.02% 1.05% $48 104 579 847 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $1.000052 0% -0.02% $43 253 658 738 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 90.8% 1 $0.999988 0.02% -0.05% $22 215 099 814 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 71.2% 57 $0.400600 -0.02% 5.84% $20 146 176 780 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 57.6% 87 $0.103941 -1.14% 28.28% $13 789 995 776 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 64.8% 74 $0.317564 0.81% 1.23% $10 939 028 805 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 90.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 68.4% 71 $0.922059 5.79% 8.50% $8 053 552 200 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 67.2% 66 $5.39 -0.32% -0.04% $6 174 239 885 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 93.6% 1 $0.999969 -0.03% -0.02% $5 653 257 262 DAI 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 66.4% 63 $0.054684 1.55% 5.62% $5 560 018 768 WTRX 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 64.4% 78 $77.31 -1.46% -0.52% $5 545 390 448 LTC 7 days price change

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