Bitcoin
BTC$23 111.56

1.40%

Ethereum
ETH$1 597.71

1.63%

Tether
USDT$1.000214

0%

Binance Coin
BNB$307.54

1.77%

USD Coin
USDC$0.999961

-0.01%

XRP
XRP$0.411374

1.67%

Bitcoin is stable, but Ether's performance reflects the pressure


26 May 2022

#Bitcoin

Bitcoin ignored the positive dynamics of US stock indices on Wednesday, further reducing the amplitude of its fluctuations. The first cryptocurrency has been moving in a $29.5-30.0K range since the start of active trading in New York. We caution that this reduction in volatility risks turning into an explosion in the near term, potentially setting off momentum for a few days or weeks.

A formal break of consolidation would be considered a consolidation beyond the previous local extremes, which are located at $30.2K and $29.3K. Going beyond those limits in a sharp move promises to trigger a wave of liquidation of positions that the bulls and bears have brought closer to the current price due to low volatility and bored speculators in recent days.

Bitcoin H1 Chart

Outside of Bitcoin, the situation is more worrying. The total capitalisation of the crypto market, according to CoinMarketCap, has fallen 1.6% in the last 24 hours to $1.25 trillion. Bitcoin’s dominance index is 0.4 points to 45.1%.

Ethereum lost 3%, dropping to 1915, the lower end of a steady trading range for the past two weeks. The daily candlestick chart clearly shows a sequence of increasingly lower local highs. This dynamic is a sure sign of a sustained sell-off in crypto, temporarily covered by Bitcoin’s stability.

Bitcoin’s stability against such an external backdrop may be nothing more than a temporary consolidation of capital in the most liquid cryptocurrency and is supported by improved sentiment in stocks.

Ethereum Daily Chart

The cryptocurrency Fear and Greed Index was up 1 point to 12 by Thursday and remains in “extreme fear”. Ripple lawyer Stuart Alderoty criticised the stance of US Securities and Exchange Commission Chairman Gary Gensler and the SEC’s desire to seize administrative control of the cryptocurrency market. Stellar will provide its technology to the Central Bank of Brazil to develop the digital currency.


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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 58% 88 $23 111.56 1.40% 2.46% $445 467 385 928 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 58.8% 85 $1 597.71 1.63% -3.12% $195 518 478 203 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000214 0% 0% $67 518 894 139 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 64.8% 72 $307.54 1.77% 1.44% $48 561 092 766 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92% 1 $0.999961 -0.01% 0.02% $43 079 802 564 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 67.2% 74 $0.411374 1.67% 0.42% $20 899 274 392 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $0.999970 -0.02% 0% $15 797 945 581 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 60.8% 79 $0.389742 4.62% 8.05% $13 479 166 661 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 61.6% 75 $0.087530 3.33% 2.02% $11 612 632 457 DOGE 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 62% 78 $1.15 6.65% 12.37% $10 012 288 547 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 56% 90 $24.46 2.79% -1.52% $9 087 126 673 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 57.2% 87 $6.59 3.51% 6.21% $7 583 086 372 DOT 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 54.4% 92 $20.95 17.58% 20.92% $6 593 829 036 AVAX 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 59.6% 84 $0.000012 3.13% -2.02% $6 476 713 621 SHIB 7 days price change

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