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 | 80.8% | 26 | $18 928.29 | -1.09% | -4.04% | $362 675 162 554 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 72.8% | 54 | $1 294.66 | -3.51% | -5.75% | $158 627 858 840 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000070 | 0% | 0% | $67 959 464 596 |  |
|
| 4 |  USDC |
USD Coin predictions | 91.6% | 1 | $1.000014 | 0.01% | -0.01% | $49 594 307 856 |  |
|
| 5 |  BNB |
Binance Coin predictions | 90.8% | 15 | $274.74 | -1.09% | 1.13% | $44 325 985 527 |  |
|
| 6 |  XRP |
XRP predictions | 61.6% | 74 | $0.500514 | -0.70% | 26.97% | $24 950 009 051 |  |
|
| 7 |  BUSD |
Binance USD predictions | 96% | 1 | $1.000119 | 0% | 0% | $20 519 701 371 |  |
|
| 8 |  ADA |
Cardano predictions | 83.2% | 32 | $0.447321 | -2.92% | -3.50% | $15 312 533 995 |  |
|
| 9 |  SOL |
Solana predictions | 84.8% | 28 | $32.55 | -3.85% | 0.89% | $11 545 262 081 |  |
|
| 10 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 85.6% | 14 | $0.061629 | -4.48% | 3.07% | $8 176 334 390 |  |
|
| 12 |  DOT |
Polkadot predictions | 78.8% | 41 | $6.22 | -3.37% | -7.84% | $6 968 389 291 |  |
|
| 13 |  DAI |
Dai predictions | 90.8% | 1 | $0.999457 | -0.02% | -0.02% | $6 926 301 960 |  |
|
| 14 |  MATIC |
Polygon predictions | 73.6% | 55 | $0.746252 | -3.07% | -5.23% | $6 518 004 616 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 76.4% | 42 | $0.000011 | -4.47% | -2.59% | $6 105 472 299 |  |
