Bitcoin
BTC$41 764.91

5.09%

Ethereum
ETH$2 240.87

3.51%

Tether
USDT$1.000313

0.07%

Binance Coin
BNB$229.17

0.60%

XRP
XRP$0.619766

-0.92%

Solana
SOL$60.67

-4.53%

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 85.2% 16 $41 764.91 5.09% 13.02% $816 958 395 709 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 85.6% 27 $2 240.87 3.51% 10.77% $269 426 417 504 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000313 0.07% -0.01% $89 675 673 586 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 82.4% 26 $229.17 0.60% 1.05% $34 763 991 649 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 84% 30 $0.619766 -0.92% 2.75% $33 398 300 450 XRP 7 days price change
6 Solana (SOL) SOL Solana predictions 65.6% 67 $60.67 -4.53% 10.73% $25 742 190 451 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000035 0.07% 0% $24 494 870 773 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 82% 28 $0.403625 2.85% 6.39% $14 252 090 575 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 78.4% 39 $0.087436 3.51% 10.95% $12 424 241 380 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84.4% 21 $0.103747 0.72% -0.49% $9 183 042 426 WTRX 7 days price change
12 TRON (TRX) TRX TRON predictions 83.6% 19 $0.103194 0.17% -1.13% $9 134 153 771 TRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 74.8% 43 $15.69 -1.55% 10.01% $8 738 451 664 LINK 7 days price change
14 Toncoin (TON) TON Toncoin predictions 84% 22 $2.38 -1.53% -0.88% $8 172 177 871 TON 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 56.8% 87 $21.69 -1.13% 5.69% $7 920 434 235 AVAX 7 days price change

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