Bitcoin
BTC$66 446.35

-0.67%

Ethereum
ETH$3 081.35

-1.09%

Tether
USDT$0.999863

-0.04%

Binance Coin
BNB$573.90

-1.01%

Solana
SOL$170.46

-1.55%

USD Coin
USDC$0.999858

-0.01%

Bitcoin's shy uptrend


07 Nov 2022

#Bitcoin

Bitcoin has added 1.5% over the past seven days, trading at $20.7K at the time of writing. Bitcoin showed impressive upside momentum on Friday, which ran out of steam by Saturday morning near $21.4K levels. There is a little bit for everyone in this move. The bulls record new, higher local highs and higher lows. On the other hand, the bears see that the recovery in Bitcoin is by no means gaining strength, and the rate remains tightly below the 200-week average.

Ethereum added 0.9% over the week to $1610. Other leading altcoins from the top 10 rose from 3.1% (Cardano) to 11.9% (BNB). Total cryptocurrency market capitalisation, according to CoinMarketCap, rose 2.8% for the week, to $1.05 trillion, but by Monday, had rolled back 1.9% to $1.03. The Cryptocurrency Fear and Greed Index rose 6 points for the week, to 40 and remains in "fear" mode.

News background

Decentralised application tracking platform DappRadar reported that the number of active cryptocurrency wallets increased by 7% in October compared to the previous month, which may indicate the end of the crypto winter. According to ForkLog, trading volume on leading cryptocurrency exchanges fell 25% in October to its lowest level since December 2020. Bitcoin miners' total revenue in October was up 7% compared to the previous month. The share of public miners in the BTC hashtag reached 25%.

The European Parliament has postponed until February next year a final vote on the MiCA cryptocurrency regulation bill. The extensive and technically complex document must be translated into 24 official languages. Goldman Sachs is partnering with Coin Metrics and MSCI to introduce a tool called Datonomy that allows investors to track cryptocurrency market movements and quickly analyse the digital asset ecosystem.


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Bitcoin set for a deeper correction
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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 86% 19 $66 446.35 -0.67% 8.04% $1 309 034 236 481 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 83.6% 20 $3 081.35 -1.09% 5.06% $370 144 998 964 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $0.999863 -0.04% 0% $111 419 689 554 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 88.8% 6 $573.90 -1.01% -3.57% $84 699 412 998 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 80% 42 $170.46 -1.55% 17.60% $76 520 577 249 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $0.999858 -0.01% -0.05% $33 493 893 715 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92.4% 8 $0.510793 -1.97% 1.87% $28 241 201 834 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 69.2% 65 $6.29 -1.89% -10.45% $21 862 347 981 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 84% 30 $0.149859 -2.02% 5.66% $21 633 680 697 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 86.4% 23 $0.467713 -2.70% 6.63% $16 688 068 690 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 75.2% 41 $0.000024 -3.40% 6.38% $14 052 758 735 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 78.4% 38 $35.68 -4.28% 7.25% $13 657 133 319 AVAX 7 days price change
13 TRON (TRX) TRX TRON predictions 88% 21 $0.121204 -1.57% -4.80% $10 598 217 114 TRX 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 89.2% 18 $0.121008 -2.00% -4.76% $10 581 091 898 WTRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 87.6% 18 $66 368.22 -0.81% 7.92% $10 320 030 161 WBTC 7 days price change

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