Bitcoin is stable, but Ether's performance reflects the pressure
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.
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.
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 72.4% | 54 | $67 992.56 | 1.35% | 2.18% | $1 341 608 846 080 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 77.6% | 47 | $3 268.77 | 0.51% | -6.28% | $392 998 641 636 |  |
|
| 3 |  USDT |
Tether predictions | 93.6% | 1 | $1.000111 | 0.02% | -0.05% | $114 341 903 845 |  |
|
| 4 |  SOL |
Solana predictions | 65.2% | 70 | $187.15 | 5.00% | 10.88% | $86 950 076 572 |  |
|
| 5 |  BNB |
Binance Coin predictions | 79.2% | 42 | $587.18 | 1.64% | -0.31% | $85 685 293 473 |  |
|
| 6 |  USDC |
USD Coin predictions | 91.6% | 1 | $1.000122 | 0.01% | 0.01% | $34 147 378 826 |  |
|
| 7 |  XRP |
XRP predictions | 60.4% | 86 | $0.600376 | -0.28% | 1.62% | $33 597 543 281 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 74% | 55 | $0.134249 | 3.50% | 5.97% | $19 504 454 105 |  |
|
| 9 |  TON |
Toncoin predictions | 84.8% | 29 | $6.72 | -0.41% | -8.16% | $16 914 629 714 |  |
|
| 10 |  ADA |
Cardano predictions | 75.2% | 49 | $0.416969 | 0.87% | -4.75% | $14 970 823 076 |  |
|
| 11 |  TRX |
TRON predictions | 87.2% | 18 | $0.137122 | 0.49% | 1.69% | $11 938 028 529 |  |
|
| 12 |  AVAX |
Avalanche predictions | 79.2% | 38 | $28.57 | 1.38% | 1.50% | $11 278 950 659 |  |
|
| 13 |  STETH |
Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 90.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 80.8% | 30 | $0.000017 | 2.28% | -3.53% | $10 112 019 376 |  |
