Bitcoin
BTC$23 245.06

-0.67%

Ethereum
ETH$1 649.98

-0.90%

Tether
USDT$1.000242

0.01%

Binance Coin
BNB$330.03

0.12%

USD Coin
USDC$0.999630

-0.04%

XRP
XRP$0.407147

-1.05%

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 62% 76 $23 245.06 -0.67% -1.07% $448 215 363 984 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 70.4% 57 $1 649.98 -0.90% 2.45% $201 913 823 772 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $1.000242 0.01% 0% $68 081 088 023 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78.8% 38 $330.03 0.12% 4.56% $52 111 151 986 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $0.999630 -0.04% -0.04% $41 975 476 278 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 75.2% 42 $0.407147 -1.05% -1.24% $20 682 712 207 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 94.4% 1 $1.000002 -0.02% -0.02% $16 258 300 058 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 70% 64 $0.395468 -1.61% 1.39% $13 686 825 295 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 71.6% 51 $0.093562 -0.49% 4.31% $12 412 982 136 DOGE 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 68.4% 67 $1.22 -0.49% 4.26% $10 662 953 667 MATIC 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 Solana (SOL) SOL Solana predictions 59.2% 86 $23.86 -3.04% -2.86% $8 889 364 349 SOL 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64.8% 73 $0.000015 4.49% 21.57% $8 029 262 331 SHIB 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 67.6% 66 $6.74 -2.85% 2.41% $7 777 843 515 DOT 7 days price change
15 HEX (HEX) HEX HEX predictions 68% 60 $0.041057 -9.25% 52.42% $7 119 677 926 HEX 7 days price change

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