Bitcoin is up 7.7% over the past week, trading at $22.7K on Monday morning. Ethereum added less - only 4.1% to $1640. Other leading altcoins in the top 10 have gained between 0.4% (BNB) and 12.7% (Shiba Inu). The exception was Polygon (-1.8%). The total capitalisation of the crypto market, according to CoinMarketCap, rose 5.1% to $1.045 trillion during the week. The bitcoin rally pulled up the entire crypto market. And buying in BTC, in turn, intensified after US stock indices reversed to higher late Friday afternoon.
Like in the good old days, the crypto market is feeding off the rise in stock indices but growing ahead of the curve. Moreover, at the expense of reduced liquidity, the price surpassed $23K for the first time since August last year.
Bitcoin has started a new bull market and is headed for $24.8K, where the psychologically important 200-week moving average and the 161.8% Fibonacci level of the momentum from the December lows are concentrated. The 50-week MA is headed to the same area. The market may need a long recharge and consolidation before a new upside wave begins.
DCG holding company Genesis Global Capital has filed for bankruptcy, and its case could be heard as early as 23 January. According to Genesis, the company has defaulted more than $3.6bn to its 50 largest creditors. The company's total debt obligations could be as high as $11bn. The IMF has called for additional measures to regulate the crypto market to avoid the volatility of cryptocurrencies, which affects banks and financial institutions. The Fund calls for virtual assets to be distinct from traditional assets and to prevent the substitution of fiat currencies in the economy with crypto assets, primarily stablecoins.
Moody's has once again downgraded the long-term credit rating of cryptocurrency exchange Coinbase and its unsecured bond rating. Moody's said that the downgrade to non-investment grade B2 reflects a significant weakening of Coinbase's earnings in 2022. The digital renminbi platform has been updated. A significant innovation was support for smart contracts, which give several new uses for China's state-owned cryptocurrency. On 16 January, the digital yuan was used for the first time to buy securities.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||94%||7||$37 974.79||2.65%||3.21%||$742 620 081 767|
|2||ETH||Ethereum predictions||76%||50||$2 055.28||2.12%||3.49%||$247 134 847 899|
|3||USDT||Tether predictions||91.2%||1||$1.000205||0.02%||-0.01%||$88 917 133 121|
|4||BNB||Binance Coin predictions||83.2%||25||$230.20||1.89%||-4.06%||$34 920 472 818|
|5||XRP||XRP predictions||74.4%||42||$0.611671||2.00%||2.53%||$32 918 272 630|
|6||SOL||Solana predictions||59.2%||87||$58.20||6.66%||8.25%||$24 645 476 442|
|7||USDC||USD Coin predictions||96%||1||$0.999716||-0.02%||-0.02%||$24 482 991 365|
|8||ADA||Cardano predictions||71.6%||62||$0.385539||3.00%||4.21%||$13 608 842 925|
|9||DOGE||Dogecoin predictions||74.8%||48||$0.080387||3.60%||7.77%||$11 416 474 493|
|10||STETH||Lido stETH predictions||94.8%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||TRX||TRON predictions||82.8%||27||$0.103195||0.78%||6.00%||$9 138 361 208|
|12||WTRX||Wrapped TRON predictions||84.4%||30||$0.103028||0.42%||5.47%||$9 123 536 549|
|13||TON||Toncoin predictions||81.6%||31||$2.42||-0.45%||3.16%||$8 314 438 840|
|14||LINK||Chainlink predictions||63.6%||69||$14.57||3.63%||4.11%||$8 113 407 755|
|15||AVAX||Avalanche predictions||58.8%||86||$20.64||2.41%||0.41%||$7 534 681 892|
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 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.