Bitcoin
BTC$30 425.86

1.89%

Ethereum
ETH$2 090.50

3.30%

Tether
USDT$0.998912

0.01%

USD Coin
USDC$1.000223

-0.04%

Binance Coin
BNB$306.01

2.69%

XRP
XRP$0.437623

3.58%

Bitcoin slips to the lows of the year


25 Apr 2022

#Bitcoin

Bitcoin declined by 2.3% over the past week, ending it at around $39.5K. Ethereum lost 3.9%, while other leading altcoins in the top 10 fell from 2.2% (Solana) to 10.5% (XRP). The exception was Terra (+12.9%). On Monday, the pressure on cryptocurrencies continued, taking another 1.3% off bitcoin to 38.9k, sending it to test March lows. 

Total crypto market capitalisation, according to CoinMarketCap, changed little over the week, remaining at 1.8 trillion, as a wave of buying in the first half of the week turned into a strong sell-off in the second. The bitcoin dominance index rose 0.2% to 41.2% over the same period. 

Crypto Fear and Greed Index rose from 24 to 27 and returned to its starting point during the week. By Monday, the index had lost another point to 23, remaining in the extreme fear territory. Bitcoin has declined for the third consecutive week, along with stock indices.

BTC tried to rise, renewing its highs in a week and a half, around $43,000

Thursday and Friday saw a sharp pullback along with the stock market, and bitcoin fell below the circular $40,000 level. Changpeng Zhao, the Binance's chief executive, said the adoption of cryptocurrencies would rise as geopolitical tensions escalate and the use of the dollar as a sanctions tool grows. He believes the US will lose out to the rest of the world if it continues to suppress bitcoin.

Bitcoin slips to the lows of the year

A group of US congressmen have spoken out against mining cryptocurrencies using the environmentally damaging Proof-of-Work (PoW) consensus algorithm. They said that cryptocurrencies of particular concern are BTC, ETH, XMR and ZEC. The EU has discussed banning BTC trading because of its energy and environmental impact. Bitcoin's energy consumption continues to increase and is attracting the attention of environmental organisations and regulators.


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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 63.6% 80 $30 425.86 1.89% -1.92% $579 391 415 566 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 61.2% 79 $2 090.50 3.30% -10.78% $252 573 435 663 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $0.998912 0.01% -0.09% $75 669 699 902 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000223 -0.04% 0.04% $52 257 588 805 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 62.8% 79 $306.01 2.69% -4.14% $49 964 118 179 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 63.6% 70 $0.437623 3.58% -14.80% $21 156 072 907 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 64% 70 $0.578106 3.81% -8.07% $19 504 744 967 ADA 7 days price change
8 Solana (SOL) SOL Solana predictions 62% 80 $57.15 6.48% -14.37% $19 281 004 281 SOL 7 days price change
9 Binance USD (BUSD) BUSD Binance USD predictions 92.8% 1 $1.001801 0.23% 0.21% $18 227 343 147 BUSD 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 64.8% 80 $0.090213 2.70% -16.84% $11 968 648 400 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 66% 77 $11.03 3.86% -2.85% $10 897 183 478 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 60% 78 $34.41 5.51% -22.75% $9 258 886 148 AVAX 7 days price change
13 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 60% 80 $30 467.72 2.06% -1.79% $8 633 147 111 WBTC 7 days price change
14 TRON (TRX) TRX TRON predictions 69.6% 60 $0.072292 4.60% -6.07% $7 059 564 799 TRX 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 62.8% 78 $0.000013 4.67% -22.56% $6 893 647 644 SHIB 7 days price change

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