Bitcoin slips to the lows of the year
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.
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 60% | 78 | $22 855.29 | -3.86% | -0.53% | $440 592 629 611 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 62% | 83 | $1 571.05 | -4.53% | -3.62% | $192 254 948 671 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000106 | 0% | -0.01% | $67 818 518 303 |  |
|
| 4 |  BNB |
Binance Coin predictions | 71.6% | 62 | $307.09 | -3.92% | 0.39% | $48 489 817 539 |  |
|
| 5 |  USDC |
USD Coin predictions | 95.6% | 1 | $1.000146 | 0.02% | 0.02% | $42 719 163 166 |  |
|
| 6 |  XRP |
XRP predictions | 68.4% | 65 | $0.392404 | -6.64% | -7.29% | $19 935 533 079 |  |
|
| 7 |  BUSD |
Binance USD predictions | 93.2% | 1 | $1.000168 | 0% | 0.01% | $15 734 836 580 |  |
|
| 8 |  ADA |
Cardano predictions | 63.6% | 72 | $0.371921 | -6.16% | -1.30% | $12 866 103 968 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 70% | 64 | $0.089441 | -1.18% | 0.71% | $11 866 270 466 |  |
|
| 10 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 65.6% | 73 | $1.092517 | -6.94% | 9.99% | $9 542 387 704 |  |
|
| 12 |  SOL |
Solana predictions | 56.8% | 94 | $23.92 | -8.74% | -1.24% | $8 889 597 245 |  |
|
| 13 |  DOT |
Polkadot predictions | 59.2% | 81 | $6.21 | -6.54% | -5.75% | $7 150 468 683 |  |
|
| 14 |  LTC |
Litecoin predictions | 70.8% | 55 | $93.29 | -1.81% | 3.12% | $6 732 701 641 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 60.8% | 80 | $0.000012 | -4.57% | -3.85% | $6 339 026 139 |  |
