Bitcoin
BTC$66 008.53

0.43%

Ethereum
ETH$3 550.56

4.03%

Tether
USDT$0.999516

-0.01%

Binance Coin
BNB$605.24

1.60%

Solana
SOL$144.26

1.67%

USD Coin
USDC$1.000068

0%

Bitcoin rises on capital flight from bonds


23 Mar 2022

#Bitcoin

BTC rose 3.5% on Tuesday. At the peak of the day, the rate exceeded $43.2K, but by Wednesday morning, it rolled back to $42K, demonstrating a 0.7% correction. Bitcoin tested 19-day highs above $43,000 supported by stock indexes with Chinese equities predominantly pulling it. BTC rose sharply during the Asian session, adding about $2,000 in a few hours, although a corrective mood then prevailed. Bitcoin clearly doesn't have a reason for a solid establishment on the path of growth yet.

Ethereum is losing 1% over 24 hours, while other leading altcoins from the top ten showed mixed dynamics yesterday: from a decline of 2.7% (Avalanche) to a rise of 3.8% (Polkadot).

According to CoinMarketCap, the total capitalization of the crypto market decreased by 0.5%, to $1.91 trillion. The Bitcoin dominance index fell by 0.1% to 41.9%. The Cryptocurrency Fear and Greed Index added another 5 points to 31, although it remains in a "fear" state.

BTC is ready for sharp swing

At the moment, on-chain metrics are consistent with a bear market, Glassnode notes. The rise in implied volatility and higher leverage in the derivatives market point to the possibility of a sharp swing in bitcoin.

However, the sell-off in "defensive" developed-country government bonds continues in financial markets as investors park their money in stocks and commodities that provide the best hedge against prolonged and high inflation. At the same time, there are no clear signs of an economic and financial catastrophe that could hurt stocks or commodities.

The world's largest hedge fund Bridgewater Associates plans to invest in one of the third-party crypto funds, pointing to the risks for fiat currencies, which lose sharply during periods of military and economic wars.


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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 89.2% 16 $66 008.53 0.43% -4.83% $1 301 189 948 082 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.4% 41 $3 550.56 4.03% -3.37% $423 949 263 016 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.999516 -0.01% -0.04% $112 505 427 241 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 80% 33 $605.24 1.60% -11.74% $89 323 205 919 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 81.2% 28 $144.26 1.67% -9.41% $66 605 969 054 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 95.2% 3 $1.000068 0% -0.01% $32 444 207 431 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 80.8% 27 $0.492103 4.73% -0.12% $27 346 377 385 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 77.2% 49 $0.136226 2.14% -6.70% $19 715 144 237 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 70.8% 51 $7.89 -1.96% 11.78% $19 184 251 963 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 82.4% 29 $0.412486 1.85% -5.10% $14 736 231 398 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 57.2% 94 $0.000021 3.27% -11.23% $12 162 359 944 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 77.2% 49 $30.00 1.40% -6.81% $11 797 861 230 AVAX 7 days price change
13 Lido stETH (STETH) STETH Lido stETH predictions 95.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 93.2% 1 $66 130.63 0.61% -4.68% $10 133 575 688 WBTC 7 days price change
15 TRON (TRX) TRX TRON predictions 85.6% 19 $0.115323 -0.57% 0.39% $10 065 733 271 TRX 7 days price change

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