Bitcoin
BTC$65 090.19

-5.25%

Ethereum
ETH$3 379.11

-6.99%

Tether
USDT$1.000007

0.06%

Solana
SOL$184.83

-9.17%

Binance Coin
BNB$527.75

-8.11%

XRP
XRP$0.599404

-4.26%

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 63.6% 76 $65 090.19 -5.25% -9.60% $1 279 555 112 568 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 67.2% 68 $3 379.11 -6.99% -16.39% $405 754 785 379 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000007 0.06% 0% $103 618 893 601 USDT 7 days price change
4 Solana (SOL) SOL Solana predictions 61.2% 79 $184.83 -9.17% 20.08% $82 043 545 485 SOL 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 56.8% 90 $527.75 -8.11% -1.90% $78 919 512 164 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 72.8% 59 $0.599404 -4.26% -14.22% $32 847 476 435 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 96% 2 $0.999997 0% 0.02% $31 272 500 680 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 64.4% 76 $0.624087 -9.54% -18.21% $22 195 492 579 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 63.6% 73 $57.38 -7.12% 17.71% $21 651 056 467 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 56.4% 89 $0.132276 -13.22% -24.13% $18 985 102 511 DOGE 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 56% 94 $0.000025 -12.61% -23.71% $14 909 937 329 SHIB 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 59.2% 87 $9.25 -9.25% -15.26% $13 161 949 208 DOT 7 days price change
13 Toncoin (TON) TON Toncoin predictions 68.8% 69 $3.76 -6.02% -0.03% $13 045 098 189 TON 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 86.4% 21 $0.122324 -2.90% -8.03% $10 743 759 398 WTRX 7 days price change
15 TRON (TRX) TRX TRON predictions 84% 19 $0.121978 -3.54% -8.29% $10 713 352 969 TRX 7 days price change

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