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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 59.2% | 88 | $19 108.68 | -0.12% | -10.44% | $364 683 630 223 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 54% | 93 | $1 051.12 | -1.09% | -14.27% | $127 610 536 230 | ||
3 | ![]() |
Tether predictions | 91.6% | 1 | $0.999042 | 0% | -0.04% | $66 018 262 534 | ||
4 | ![]() |
USD Coin predictions | 95.6% | 1 | $1.000039 | -0.01% | 0% | $55 804 793 378 | ||
5 | ![]() |
Binance Coin predictions | 65.2% | 75 | $216.74 | -0.87% | -9.37% | $35 388 059 426 | ||
6 | ![]() |
Binance USD predictions | 92.4% | 1 | $1.001586 | 0.07% | 0.28% | $17 575 061 690 | ||
7 | ![]() |
XRP predictions | 68% | 69 | $0.317499 | 1.53% | -12.57% | $15 348 864 758 | ||
8 | ![]() |
Cardano predictions | 66.8% | 72 | $0.448366 | -0.36% | -10.65% | $15 214 866 694 | ||
9 | ![]() |
Solana predictions | 68% | 70 | $32.77 | -0.23% | -19.15% | $11 253 894 583 | ||
10 | ![]() |
Dogecoin predictions | 66.8% | 62 | $0.066138 | 0.06% | -13.89% | $8 774 635 420 | ||
11 | ![]() |
Dai predictions | 94.8% | 1 | $1.000043 | -0.04% | 0% | $6 895 987 122 | ||
12 | ![]() |
Polkadot predictions | 68% | 67 | $6.72 | -0.01% | -16.62% | $6 636 204 716 | ||
13 | ![]() |
TRON predictions | 66% | 74 | $0.065733 | 3.58% | -3.47% | $6 079 571 196 | ||
14 | ![]() |
UNUS SED LEO predictions | 73.6% | 54 | $5.87 | 2.64% | -0.14% | $5 604 429 157 | ||
15 | ![]() |
SHIBA INU predictions | 71.2% | 63 | $0.000010 | 0.62% | -13.36% | $5 523 555 766 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2022 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.