Bitcoin swings in a tight cage
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”.
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 84.4% | 28 | $19 030.21 | -0.32% | -5.10% | $364 618 489 584 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74.4% | 56 | $1 326.48 | 0.13% | -8.81% | $162 515 564 561 |  |
|
| 3 |  USDT |
Tether predictions | 94.4% | 1 | $1.000084 | 0% | 0% | $67 960 431 405 |  |
|
| 4 |  USDC |
USD Coin predictions | 94.8% | 1 | $0.999981 | -0.01% | -0.01% | $49 713 550 202 |  |
|
| 5 |  BNB |
Binance Coin predictions | 86.4% | 17 | $276.61 | -2.41% | -0.50% | $44 627 031 173 |  |
|
| 6 |  XRP |
XRP predictions | 64.8% | 72 | $0.486640 | -3.42% | 30.75% | $24 258 385 474 |  |
|
| 7 |  BUSD |
Binance USD predictions | 91.2% | 1 | $1.000205 | 0.02% | 0.07% | $20 521 449 661 |  |
|
| 8 |  ADA |
Cardano predictions | 80% | 32 | $0.454931 | -1.45% | -5.80% | $15 571 509 175 |  |
|
| 9 |  SOL |
Solana predictions | 84% | 31 | $33.80 | 0.27% | 0.09% | $11 987 371 735 |  |
|
| 10 |  STETH |
Lido stETH predictions | 93.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 86.8% | 14 | $0.063036 | -4.59% | 2.47% | $8 363 011 604 |  |
|
| 12 |  DOT |
Polkadot predictions | 79.6% | 43 | $6.31 | -2.20% | -9.86% | $7 073 245 562 |  |
|
| 13 |  DAI |
Dai predictions | 95.2% | 1 | $1.000136 | 0.03% | 0.02% | $6 930 359 263 |  |
|
| 14 |  MATIC |
Polygon predictions | 72.8% | 54 | $0.761561 | -1.51% | -7.49% | $6 651 718 356 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 76.8% | 42 | $0.000011 | 1.38% | -3.89% | $6 272 885 542 |  |
