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