Bitcoin
BTC$20 862.60

-1.98%

Ethereum
ETH$1 196.92

-2.33%

Tether
USDT$0.999145

-0.04%

USD Coin
USDC$1.000144

-0.01%

Binance Coin
BNB$233.66

-1.64%

Binance USD
BUSD$0.999879

-0.17%

Bitcoin is on the zero. What's next?


29 Jun 2021

#Bitcoin

Bitcoin has been showing zero price momentum over the past 24 hours, trading around $ 34,600. The crypto market as a whole is in a state where a reversal in either direction is possible. There is no doubt that market participants will react to what is happening on the stock market. The Fed is trying with all its might to prevent panic, so the indices continue to rise. Nevertheless, everyone understands that the market is heavily overbought, and the main question that everyone is asking themselves now is: what exactly can trigger a wide sale in the traditional market, which will drag the crypto market down with it.

The Greed and Fear Index for Bitcoin and the largest cryptocurrencies is at around 25, which corresponds to the “extreme fear” mode, quite straightforwardly reflecting the market situation. Despite the rapid buyback of the coin around $ 30K, risks remain that large investors will start taking profits along with the traditional market. In addition, the crypto community is closely watching the migration of miners from China.

In this context, we can rather talk about the advantages for the market, since even if the cost of Bitcoin mining rises, this can have a positive effect on the coin rate. It is believed that the growth of any physical indicator, including the hash rate or the cost of the coin, can positively affect the price dynamics of the cryptocurrency.


Related

BTC Forecast from the President of El Salvador
BTC Forecast from the President of El Salvador
Bitcoin’s decline is oversold, but it’s too early to talk about a new rally
Bitcoin’s decline is oversold, but it’s too early to talk about a new rally
Bitcoin's continued collapse and furnace of fire for the crypto periphery
Bitcoin's continued collapse and furnace of fire for the crypto periphery
Loss of correlation with stocks will pave the way for crypto to portfolios
Loss of correlation with stocks will pave the way for crypto to portfolios
Bitcoin swings in a tight cage
Bitcoin swings in a tight cage
Bitcoin is unlikely to bottom so early and high
Bitcoin is unlikely to bottom so early and high
Bitcoin's pump or the start of a rise? America's opening will show us
Bitcoin's pump or the start of a rise? America's opening will show us
May Results: Bitcoin and Gold Fall, NordFX Traders Earn
May Results: Bitcoin and Gold Fall, NordFX Traders Earn
The lack of desperation in crypto for a real rally
The lack of desperation in crypto for a real rally

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 58.8% 92 $20 862.60 -1.98% 3.65% $398 029 830 130 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 59.6% 88 $1 196.92 -2.33% 8.15% $145 213 720 865 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $0.999145 -0.04% 0.01% $66 810 101 922 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000144 -0.01% -0.01% $55 810 644 482 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 60% 88 $233.66 -1.64% 9.10% $38 151 323 562 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 92.4% 1 $0.999879 -0.17% 0.06% $17 387 273 873 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 61.2% 80 $0.353119 -3.13% 10.71% $17 070 867 914 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 64% 78 $0.485901 -3.06% -0.43% $16 400 414 907 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 62.8% 71 $38.33 -5.68% 10.47% $13 131 783 179 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 85 $0.072123 -0.83% 21.93% $9 568 648 805 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 60.4% 81 $7.78 -3.17% 0.55% $7 686 366 532 DOT 7 days price change
12 Dai (DAI) DAI Dai predictions 93.6% 1 $0.999656 -0.02% -0.04% $6 795 067 803 DAI 7 days price change
13 TRON (TRX) TRX TRON predictions 60.4% 88 $0.067970 3.95% 11.56% $6 287 063 791 TRX 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.8% 78 $0.000011 -4.07% 36.02% $6 018 323 272 SHIB 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 58.4% 92 $20 815.72 -2.06% 3.43% $5 507 396 530 WBTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.