Bitcoin
BTC$37 097.04

-0.82%

Ethereum
ETH$2 019.04

-1.45%

Tether
USDT$1.000111

-0.01%

Binance Coin
BNB$227.76

-0.55%

XRP
XRP$0.603348

-0.85%

USD Coin
USDC$1.000026

0%

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 91.6% 8 $37 097.04 -0.82% -0.64% $725 437 085 348 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 49 $2 019.04 -1.45% 0.43% $242 776 798 446 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000111 -0.01% -0.02% $88 908 727 469 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 83.6% 28 $227.76 -0.55% -12.18% $34 550 632 059 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 74.4% 42 $0.603348 -0.85% -1.91% $32 470 391 190 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000026 0% 0.01% $24 454 222 190 USDC 7 days price change
7 Solana (SOL) SOL Solana predictions 59.2% 87 $55.65 -0.84% -2.04% $23 564 558 713 SOL 7 days price change
8 Cardano (ADA) ADA Cardano predictions 68.8% 62 $0.373728 -3.13% -2.52% $13 191 951 930 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 75.2% 48 $0.077436 -3.25% 0.32% $10 996 813 709 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 84.4% 27 $0.101882 -3.96% 0.25% $9 022 656 866 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 79.6% 30 $0.101336 -4.78% 0.31% $8 974 267 655 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 78.8% 31 $2.45 3.78% 5.17% $8 403 396 761 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 64% 69 $14.12 -2.71% -0.92% $7 863 012 004 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 60.4% 86 $19.93 -3.53% -5.56% $7 275 106 541 AVAX 7 days price change

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