Bitcoin
BTC$57 227.41

2.77%

Ethereum
ETH$3 268.20

1.88%

Tether
USDT$1.000608

0.03%

Binance Coin
BNB$397.64

-0.22%

Solana
SOL$108.73

-0.56%

XRP
XRP$0.581236

4.79%

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 However, its reading seems somewhat outdated, as the top coins have been trending in green so far today.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 63.2% 77 $57 227.41 2.77% 10.14% $1 123 928 709 833 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 80 $3 268.20 1.88% 9.00% $392 677 165 591 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000608 0.03% 0.05% $98 450 742 199 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 67.2% 70 $397.64 -0.22% 12.43% $59 464 250 949 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 79.6% 40 $108.73 -0.56% 2.07% $48 110 489 643 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82.8% 29 $0.581236 4.79% 4.77% $31 732 154 841 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000049 0.01% 0.01% $28 537 245 374 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 69.2% 66 $0.622124 -0.06% 2.81% $22 069 873 483 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 76% 52 $39.50 0.67% 4.32% $14 901 404 487 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 80.8% 27 $0.095622 6.42% 12.28% $13 698 272 351 DOGE 7 days price change
11 TRON (TRX) TRX TRON predictions 67.2% 63 $0.143316 1.91% 2.32% $12 610 871 764 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 71.6% 61 $0.143061 1.88% 2.45% $12 588 506 729 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 76.8% 43 $19.01 -0.49% 0.47% $11 161 094 840 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 71.2% 51 $8.29 2.87% 9.67% $10 648 944 874 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

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