Bitcoin
BTC$20 358.95

-1.33%

Ethereum
ETH$1 152.46

-1.93%

Tether
USDT$0.998816

-0.02%

USD Coin
USDC$1.000328

0.02%

Binance Coin
BNB$229.42

-1.07%

Binance USD
BUSD$0.999158

-0.18%

Bitcoin swings in a tight cage


08 Jun 2022

#Bitcoin

Bitcoin continues its wild swings between $29-31.5K. By the end of the day on Tuesday, it had moved sharply back to the upper end of the range, but Wednesday began with a new dip, temporarily falling below 30K. Overall, bitcoin adds 2.7% over the day and has lost 4% in seven days, all well below the intraday fluctuation amplitude.

Ethereum has added 2.2% in the last 24 hours, while other leading altcoins have shown mostly positive dynamics, where a 9.8% spike in Cardano contrasts with a 0.3% decline in Solana’s price.

Total crypto market capitalisation, according to CoinMarketCap, strengthened by 2.2% overnight to $1.24 trillion, with the Bitcoin Dominance Index down 0.2 points to 46.6%. The Cryptocurrency Fear and Greed Index was up 2 points to 17 by Wednesday and remains in “extreme fear”.

Bitcoin swings in a tight cage

According to Glassnode, investors continue to buy the dip in bitcoin. The number of addresses with a balance of at least 0.01 BTC reached 10.088 million earlier this week, setting a new record. The market dynamics of the last few days indicate that the whales are making some big transfers of bitcoin from one pocket to another. Either this is an attitude of speculation in the range or whipping up froth to attract capital from retail investors who may feel that the low point has been passed.

The US Securities and Exchange Commission (SEC) launched an investigation into the sale of BNB tokens by cryptocurrency exchange Binance in 2017. The regulator will assess whether it was an unregistered offering of securities.

American economist and Nobel Prize winner Paul Krugman called cryptocurrencies a fraud, comparing them to the mortgage crisis in 2008.

 

 


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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 59.6% 92 $20 358.95 -1.33% -0.55% $388 446 303 368 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 55.2% 90 $1 152.46 -1.93% 4.48% $139 837 109 318 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $0.998816 -0.02% -0.02% $66 745 776 786 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000328 0.02% 0.03% $55 820 927 466 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 58.4% 89 $229.42 -1.07% 5.78% $37 459 518 058 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 91.6% 1 $0.999158 -0.18% 0.06% $17 369 031 848 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 62% 80 $0.336907 -1.76% 4.22% $16 287 125 919 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 65.6% 75 $0.474957 -1.02% 1.44% $16 117 202 321 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 68% 66 $35.68 -4.55% 1.04% $12 230 152 580 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 61.6% 80 $0.067308 -3.10% 5.51% $8 929 753 009 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 63.2% 78 $7.42 -1.67% -1.75% $7 329 831 546 DOT 7 days price change
12 Dai (DAI) DAI Dai predictions 92% 1 $1.000154 0.06% 0.05% $6 718 496 522 DAI 7 days price change
13 TRON (TRX) TRX TRON predictions 55.6% 91 $0.066274 0.93% 2.59% $6 130 034 055 TRX 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 63.2% 74 $0.000010 -5.15% 3.23% $5 583 599 858 SHIB 7 days price change
15 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 76.8% 50 $5.74 -1.31% -1.91% $5 479 483 866 LEO 7 days price change

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