Bitcoin
BTC$96 063.98

-0.47%

Ethereum
ETH$3 691.69

-0.43%

XRP
XRP$2.44

30.24%

Tether
USDT$1.000651

0.02%

Solana
SOL$228.81

-2.94%

Binance Coin
BNB$647.33

-0.64%

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.


Related

NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
Tips to Choose the Right Second Citizenship Program
Tips to Choose the Right Second Citizenship Program
Bitcoin’s continued slide down
Bitcoin’s continued slide down
A new round of crypto market mistrust
A new round of crypto market mistrust
Bitcoin holds its range, but pressure mounts
Bitcoin holds its range, but pressure mounts
Bitcoin unlikely to end correction
Bitcoin unlikely to end correction
Bitcoin looks set to take a severe dive
Bitcoin looks set to take a severe dive
Bitcoin set for a deeper correction
Bitcoin set for a deeper correction
Bitcoin falls under pressure
Bitcoin falls under pressure

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 64% 72 $96 063.98 -0.47% -2.09% $1 901 129 195 801 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 70% 59 $3 691.69 -0.43% 9.67% $444 635 752 324 ETH 7 days price change
3 XRP (XRP) XRP XRP predictions 58.8% 88 $2.44 30.24% 64.85% $139 283 395 122 XRP 7 days price change
4 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000651 0.02% -0.04% $134 209 508 790 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 67.2% 74 $228.81 -2.94% -9.79% $108 719 187 334 SOL 7 days price change
6 Binance Coin (BNB) BNB Binance Coin predictions 78.8% 31 $647.33 -0.64% -2.19% $93 221 263 075 BNB 7 days price change
7 Dogecoin (DOGE) DOGE Dogecoin predictions 57.6% 93 $0.428990 0.31% 0.04% $63 074 587 151 DOGE 7 days price change
8 Cardano (ADA) ADA Cardano predictions 61.2% 84 $1.15 8.30% 10.20% $40 192 009 461 ADA 7 days price change
9 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $1.000073 0.01% 0.02% $39 943 477 005 USDC 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 66% 69 $48.46 9.61% 7.76% $19 833 796 680 AVAX 7 days price change
11 TRON (TRX) TRX TRON predictions 61.2% 80 $0.209475 2.77% 0.42% $18 078 840 002 TRX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 53.6% 94 $0.000030 -1.42% 16.50% $17 769 142 939 SHIB 7 days price change
13 Toncoin (TON) TON Toncoin predictions 66.4% 62 $6.66 -1.15% 8.82% $16 957 202 724 TON 7 days price change
14 Stellar (XLM) XLM Stellar predictions 58.8% 89 $0.534373 6.22% 2.19% $16 071 299 062 XLM 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 60.4% 85 $9.05 2.59% -1.75% $13 790 732 144 DOT 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 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.