Bitcoin stabilised but has trouble to reverse strongly
Bitcoin added a symbolic 0.1% on Tuesday, ending the day around $31K and adding another $500 this morning. Ethereum has been adding 0.2% in the past 24 hours. Other leading altcoins from the top 10 showed mixed dynamics, ranging from a 10.8% decline (Avalanche) to a 0.2% gain (Binance Coin). The total capitalisation of the crypto market, according to CoinMarketCap, declined 1.6% overnight to $1.42 trillion. The Bitcoin Dominance Index rose 0.4% to 42.2%. The Cryptocurrency Fear and Greed Index added 2 points to 12 by Wednesday, starting recovery from an area where it rarely lingered.
Although Bitcoin managed to close Tuesday’s trading with a proper strengthening, a powerful offensive did not happen, as bull buying was choked again by stock market pessimism. It remains a situation where the stock or debt markets will determine whether we see another rebound from the critical $30K level or a failure of support and a complete surrender of the buyers. Cardano creator Charles Hoskinson has announced the beginning of new crypto winter. However, he does not see any factors that could trigger the market to rebound soon.
Cryptocurrency investment company Galaxy Digital reported a net loss of $111.7 million for the first quarter of this year. Galaxy Digital founder Mike Novogratz allowed bitcoin to decline further in the coming quarters due to the negativity on Wall Street. Meanwhile, last week saw an influx of institutional investors into crypto funds after four weeks of capital withdrawals.
MicroStrategy chief executive Michael Saylor said it has no plans to sell its cryptocurrency reserves. He said bitcoin would have to fall below $3562 for the firm to have insufficient assets to secure loans. El Salvador has bought another 500 bitcoins at an average of $30,744 amid a fall in the crypto market. Last autumn, the country’s recognition of BTC as legal tender was a landmark event for the global economy.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 75.2% | 54 | $67 706.14 | 1.90% | 2.01% | $1 335 948 390 898 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74% | 47 | $3 251.05 | 2.03% | -6.72% | $390 867 892 707 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $1.000129 | 0.02% | -0.04% | $114 343 982 006 |  |
|
| 4 |  SOL |
Solana predictions | 68% | 71 | $181.98 | 4.78% | 7.02% | $84 550 065 137 |  |
|
| 5 |  BNB |
Binance Coin predictions | 78% | 41 | $579.05 | 1.11% | -1.52% | $84 500 124 655 |  |
|
| 6 |  USDC |
USD Coin predictions | 92% | 1 | $1.000181 | 0.02% | 0.02% | $34 131 195 324 |  |
|
| 7 |  XRP |
XRP predictions | 60% | 86 | $0.603888 | 0.68% | 5.26% | $33 794 079 216 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 71.6% | 55 | $0.134321 | 7.26% | 7.04% | $19 514 149 036 |  |
|
| 9 |  TON |
Toncoin predictions | 82% | 30 | $6.68 | 0.78% | -8.51% | $16 800 802 508 |  |
|
| 10 |  ADA |
Cardano predictions | 76.8% | 49 | $0.414814 | 3.90% | -4.75% | $14 893 010 858 |  |
|
| 11 |  TRX |
TRON predictions | 88% | 18 | $0.137564 | 1.55% | 2.08% | $11 976 532 574 |  |
|
| 12 |  AVAX |
Avalanche predictions | 75.2% | 40 | $28.71 | 5.33% | 1.85% | $11 334 689 323 |  |
|
| 13 |  STETH |
Lido stETH predictions | 92.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 93.2% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 15 |  WBTC |
Wrapped Bitcoin predictions | 92.8% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |  |
