Bitcoin
BTC$70 611.00

1.50%

Ethereum
ETH$3 577.99

0.80%

Tether
USDT$0.999553

-0.05%

Binance Coin
BNB$589.72

2.75%

Solana
SOL$187.89

0.99%

XRP
XRP$0.623686

1.14%

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 holds its range, but pressure mounts
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Bitcoin unlikely to end correction
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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 76.8% 44 $70 611.00 1.50% 4.88% $1 388 665 910 576 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72% 48 $3 577.99 0.80% 0.13% $429 616 067 708 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $0.999553 -0.05% -0.08% $104 407 475 081 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 59.6% 80 $589.72 2.75% 6.27% $88 175 618 304 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 60.4% 89 $187.89 0.99% -0.63% $83 477 300 718 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82% 31 $0.623686 1.14% 2.38% $34 230 508 781 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 93.2% 2 $1.000041 0% -0.03% $32 160 856 304 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 68% 68 $0.202105 11.61% 31.49% $29 032 422 714 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 66.8% 67 $0.652681 1.03% 2.50% $23 222 605 354 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 59.2% 88 $54.87 0.67% -0.43% $20 709 009 322 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 56.4% 94 $0.000031 5.33% 15.34% $18 510 975 079 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 56.4% 88 $4.96 1.98% 19.28% $17 216 564 317 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 74% 52 $9.62 1.83% 1.93% $13 725 224 574 DOT 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 80% 42 $19.47 -0.06% 6.21% $11 429 966 434 LINK 7 days price change
15 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 72% 60 $570.21 17.78% 31.98% $11 222 408 414 BCH 7 days price change

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