Bitcoin
BTC$22 855.29

-3.86%

Ethereum
ETH$1 571.05

-4.53%

Tether
USDT$1.000106

0%

Binance Coin
BNB$307.09

-3.92%

USD Coin
USDC$1.000146

0.02%

XRP
XRP$0.392404

-6.64%

Bitcoin sets up for optimism


05 Apr 2022

#Bitcoin

BTC was down 0.2% on Monday, ending the day near $46,300. Since the start of Tuesday, the first cryptocurrency has strengthened by 1% to $46.7K. Bitcoin corrected down on Monday, updating three-day lows just above $45,000. By the end of the day, BTC was able to win back almost the entire decline against the backdrop of positive dynamics in US stock indices.

Over the past 24 hours, Ethereum has gained 0.6%, as other leading altcoins from the top ten showed mixed dynamics: from a decline of 2.2% (Solana) to a rise of 4.8% (Dogecoin).

According to CoinMarketCap, the total capitalization of the crypto market increased by 0.7% over the day to $2.17 trillion. The Bitcoin Dominance Index rose 0.3% to 41%. Cryptocurrency index of fear and greed added another 1 point by Tuesday, to 53, remaining in neutral territory.

Bitcoin sets up for optimism

According to CoinShares, institutional investors invested $180 million in crypto funds last week. Europeans again showed the most activity, while American investors remained on the sidelines. Long-term crypto investors continue to accumulate bitcoin, the IntoTheBlock report notes.

BTC as a beacon of global demand

Without significant news in the cryptocurrency sector, bitcoin is again working as an indicator of global demand for risky assets. Its positive dynamics on Tuesday morning is a positive signal for stocks at the start of the day. However, it will be possible to speak with confidence about the local victory of the bulls only after BTCUSD fixes above the 200-day moving average, which is now passing near 48300.

Meanwhile, investment bank JPMorgan warned investors of an imminent slowdown in the growth of the cryptocurrency market, as indicated by the decrease in the share of stablecoins in the total market capitalization of cryptocurrencies.

The metaverse market will reach $13 trillion by 2030, according to Citibank. At the same time, the user base of the metaverses will grow to 5 billion people in the coming years. According to an NBC News survey, 21% of Americans have already used cryptocurrencies for various purposes.

 


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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 64.8% 78 $22 855.29 -3.86% -0.53% $440 592 629 611 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 63.2% 83 $1 571.05 -4.53% -3.62% $192 254 948 671 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $1.000106 0% -0.01% $67 818 518 303 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 69.2% 62 $307.09 -3.92% 0.39% $48 489 817 539 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000146 0.02% 0.02% $42 719 163 166 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 66% 65 $0.392404 -6.64% -7.29% $19 935 533 079 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000168 0% 0.01% $15 734 836 580 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 64% 72 $0.371921 -6.16% -1.30% $12 866 103 968 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 70% 64 $0.089441 -1.18% 0.71% $11 866 270 466 DOGE 7 days price change
10 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
11 Polygon (MATIC) MATIC Polygon predictions 67.2% 74 $1.092517 -6.94% 9.99% $9 542 387 704 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 56.4% 94 $23.92 -8.74% -1.24% $8 889 597 245 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 58.8% 81 $6.21 -6.54% -5.75% $7 150 468 683 DOT 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 69.6% 55 $93.29 -1.81% 3.12% $6 732 701 641 LTC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64.4% 80 $0.000012 -4.57% -3.85% $6 339 026 139 SHIB 7 days price change

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