Bitcoin
BTC$27 072.74

-0.31%

Ethereum
ETH$1 894.87

-0.29%

Tether
USDT$1.000237

-0.01%

Binance Coin
BNB$306.06

-0.12%

USD Coin
USDC$0.999884

-0.01%

XRP
XRP$0.522198

-0.25%

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 90.8% 9 $27 072.74 -0.31% -0.57% $524 998 864 858 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90% 5 $1 894.87 -0.29% 2.21% $227 827 686 185 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000237 -0.01% -0.01% $83 172 174 121 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.2% 3 $306.06 -0.12% -0.96% $47 701 185 151 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999884 -0.01% -0.02% $28 901 071 500 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 74.4% 45 $0.522198 -0.25% 10.27% $27 147 495 980 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 90% 5 $0.378860 0.52% 1.56% $13 220 010 862 ADA 7 days price change
8 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 90% 10 $0.072655 0.32% -0.38% $10 144 189 079 DOGE 7 days price change
10 Solana (SOL) SOL Solana predictions 83.6% 26 $21.27 0.60% 3.64% $8 443 365 511 SOL 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 85.6% 24 $0.903134 0.55% -2.81% $8 380 602 516 MATIC 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 74.8% 41 $0.081699 -2.02% 5.66% $8 306 858 508 WTRX 7 days price change
13 TRON (TRX) TRX TRON predictions 78.4% 46 $0.081792 -2.14% 5.52% $7 377 081 997 TRX 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 76.4% 43 $95.39 0.78% 5.98% $6 970 331 292 LTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 92.4% 7 $5.34 1.40% -0.79% $6 358 029 850 DOT 7 days price change

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