Bitcoin
BTC$67 773.95

0.14%

Ethereum
ETH$3 733.37

-1.97%

Tether
USDT$0.999261

0.03%

Binance Coin
BNB$593.61

-0.81%

Solana
SOL$166.17

-1.19%

USD Coin
USDC$1.000103

0.03%

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 72.4% 49 $67 773.95 0.14% -3.15% $1 335 522 620 628 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 63.2% 83 $3 733.37 -1.97% -4.58% $448 526 377 146 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $0.999261 0.03% -0.02% $111 881 069 574 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 89.2% 6 $593.61 -0.81% -3.08% $87 607 636 713 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 64.4% 76 $166.17 -1.19% -5.34% $76 377 306 299 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000103 0.03% 0.01% $32 203 090 582 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 93.6% 6 $0.520295 -1.56% -1.58% $28 840 196 305 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 68.8% 57 $0.159088 -3.11% -5.60% $22 988 554 140 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 88.4% 20 $0.448496 -2.57% -7.32% $16 010 525 094 ADA 7 days price change
10 Toncoin (TON) TON Toncoin predictions 69.6% 56 $6.47 -0.18% -0.19% $15 595 835 861 TON 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 74.4% 43 $0.000026 -4.03% 2.14% $15 398 653 338 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 70.4% 52 $36.59 -0.85% -8.91% $14 377 799 040 AVAX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 59.6% 88 $18.09 -3.16% 8.36% $10 617 969 064 LINK 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 72% 50 $67 828.77 -0.03% -3.14% $10 545 100 499 WBTC 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 91.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

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