Bitcoin
BTC$28 487.09

0.01%

Ethereum
ETH$1 820.99

-0.18%

Tether
USDT$1.000239

0.01%

Binance Coin
BNB$314.97

-0.48%

USD Coin
USDC$0.999867

-0.01%

XRP
XRP$0.510598

-5.60%

Bitcoin seems to be regaining defensive status


30 Sep 2022

#Bitcoin

Bitcoin has remained in position for the past few days, trading at $19,500 on Friday morning. As in previous days, the attempt to sell the cryptocurrency following the stock market was met with buying. This neat bottom-drawing by Bitcoin could show a wait-and-see stance and consolidation before the next move. However, crypto optimists are now siding with the positive momentum in gold and sector stocks. Investors have probably recalled them as a store of value amid the volatility in the currency market.

Among the closest key levels, the $20.8K where the 50-day moving average is located is worth mentioning. It has been playing an active role as resistance for more than a month. Local support is near $18.8K. A move outside this range could signal the end of the current consolidation.

News background

Billionaire Stanley Druckenmiller expects the US economy to deteriorate significantly by the end of next year. That's when cryptocurrencies could make a resurgence. Alexander Hoptner, CEO of cryptocurrency exchange BitMEX, said he does not see any decline in institutional investor interest in the crypto industry, despite the bearish trend.

Lastly, BlackRock has launched on Euronext, an exchange-traded fund (ETF) focusing on blockchain and cryptocurrency companies.


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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 59.2% 82 $28 487.09 0.01% 3.89% $550 783 645 841 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 70% 61 $1 820.99 -0.18% 5.05% $219 352 245 827 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000239 0.01% -0.05% $79 712 905 402 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 72% 56 $314.97 -0.48% -2.32% $49 729 339 998 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.6% 2 $0.999867 -0.01% 0.02% $32 523 102 126 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 61.2% 85 $0.510598 -5.60% 12.92% $26 386 760 233 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 63.6% 71 $0.080735 -10.29% -1.04% $14 000 412 504 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 75.2% 41 $0.394316 -2.49% 11.93% $13 699 582 029 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 82% 24 $0.081597 6.61% 10.72% $11 322 736 681 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 94.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 84% 30 $1.11 -0.96% 3.56% $10 066 655 550 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 81.2% 37 $21.07 0.33% 3.84% $8 124 049 462 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 90.8% 1 $0.999622 -0.02% 0% $7 554 331 620 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 82.8% 27 $6.31 -0.28% 7.11% $7 392 861 993 DOT 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 87.6% 22 $0.066664 0.88% 5.86% $6 778 146 401 WTRX 7 days price change

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