Bitcoin
BTC$19 108.68

-0.12%

Ethereum
ETH$1 051.12

-1.09%

Tether
USDT$0.999042

0%

USD Coin
USDC$1.000039

-0.01%

Binance Coin
BNB$216.74

-0.87%

Binance USD
BUSD$1.001586

0.07%

Bitcoin retreats, but interest in meta-currencies and ether persists


30 Nov 2021

#Bitcoin

The cryptocurrency market remains in a state of apprehension, although the degree of it continues to weaken, as reflected in the rise in the relevant index from 33 yesterday to 40. The overall capitalisation of the cryptocurrency market, according to CoinMarketCap estimates, has fallen by 0.7% in the past 24 hours. However, the situation in the financial markets is firmly tied to the news of a new strain and therefore things could change very quickly. The main pressure during the last 24 hours was in the last hours, so it is worth being prepared for higher volatility later in the day. Fear in the financial markets, if entrenched, promises to seriously push down the price of bitcoin and ether, and through them spread negativity across the entire cryptocurrency market.

Bitcoin is currently clinging to $56K. At 5% below, at 54 there is a signal support level, the capture of which could signal an acceleration of the sell-off. The opposite is also true, at 5% above the current price, at 59 lies an area of local highs. An ability to consolidate above this level would indicate strong buying demand.

Despite Bitcoin's weak performance, which has been hovering around current levels for the past week and a half, the Ether remains up-trending. It has added 1.5% in the last 24 hours and over 6% in the last seven days. On the intraday charts, there is still a buying trend on the downtrends.

In our view, this looks like a good trend. Bitcoin is often seen to preserve capital, while Ether and several other coins are working projects. In recent weeks, there has been an influx of interest in meta-currency projects, as crypto enthusiasts see a real business model behind them. All of this is bringing the crypto market closer to the stock market, only taking it to a new, less centralised, and regulated level. Everyone has their answer for good or bad. But it is almost certainly temporary.


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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 59.2% 88 $19 108.68 -0.12% -10.44% $364 683 630 223 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 54% 93 $1 051.12 -1.09% -14.27% $127 610 536 230 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $0.999042 0% -0.04% $66 018 262 534 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000039 -0.01% 0% $55 804 793 378 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 65.2% 75 $216.74 -0.87% -9.37% $35 388 059 426 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 92.4% 1 $1.001586 0.07% 0.28% $17 575 061 690 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 68% 69 $0.317499 1.53% -12.57% $15 348 864 758 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66.8% 72 $0.448366 -0.36% -10.65% $15 214 866 694 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 68% 70 $32.77 -0.23% -19.15% $11 253 894 583 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 66.8% 62 $0.066138 0.06% -13.89% $8 774 635 420 DOGE 7 days price change
11 Dai (DAI) DAI Dai predictions 94.8% 1 $1.000043 -0.04% 0% $6 895 987 122 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 68% 67 $6.72 -0.01% -16.62% $6 636 204 716 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 66% 74 $0.065733 3.58% -3.47% $6 079 571 196 TRX 7 days price change
14 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 73.6% 54 $5.87 2.64% -0.14% $5 604 429 157 LEO 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 71.2% 63 $0.000010 0.62% -13.36% $5 523 555 766 SHIB 7 days price change

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