Bitcoin
BTC$26 358.83

0.34%

Ethereum
ETH$1 605.45

0.57%

Tether
USDT$0.999256

-0.02%

Binance Coin
BNB$211.90

-0.51%

XRP
XRP$0.498171

-0.94%

USD Coin
USDC$1.000013

-0.01%

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 92% 4 $26 358.83 0.34% -2.46% $513 940 893 353 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 94% 6 $1 605.45 0.57% -1.06% $193 030 672 715 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $0.999256 -0.02% -0.09% $83 209 237 743 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 90.4% 4 $211.90 -0.51% -1.42% $32 599 483 391 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 89.6% 8 $0.498171 -0.94% -3.82% $26 558 684 405 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000013 -0.01% -0.01% $25 482 938 324 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 93.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 88.8% 20 $0.084973 0.59% 0.51% $8 639 700 468 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 92.4% 8 $0.244012 -0.57% -2.80% $8 571 772 939 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 93.6% 6 $0.060473 -0.46% -3.62% $8 537 944 555 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 88% 22 $19.21 1.02% -4.69% $7 926 687 641 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 86% 18 $0.085280 0.25% 0.71% $7 597 972 233 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 59.2% 84 $2.16 2.18% -9.20% $7 427 615 519 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 92.4% 1 $0.999584 -0.05% -0.02% $5 345 663 638 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 88.8% 11 $4.00 -0.25% -3.61% $4 927 453 445 DOT 7 days price change

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