Bitcoin
BTC$62 538.82

4.26%

Ethereum
ETH$3 337.33

4.27%

Tether
USDT$1.000431

-0.01%

Binance Coin
BNB$560.21

4.36%

Solana
SOL$151.78

4.46%

USD Coin
USDC$0.999957

-0.03%

Bitcoin's 5% jump is a bullish confidence signal


22 Mar 2022

#Bitcoin

BTC changed a little on Monday, ending the day around $41.3K. However, in early trading on Tuesday, we saw a jump of more than 5% to $43.3K; then the first cryptocurrency sunk to $42K. Over the past 24 hours, Ethereum has gained 4%, and other leading altcoins from the top ten are not far behind: Solana and Avalanche are up 2%, Cardano is up 6%. Terra is out of the general outline, decreasing by 0.5%.

According to CoinMarketCap, the total capitalization of the crypto market increased by 3% over the day, to $1.92 trillion. The Bitcoin Dominance Index added 0.1 percentage points to 42% due to the BTC surge.

Cryptocurrency fear and greed index fell by 4 points in a day, to 26, as its estimates do not include the latest bitcoin spurt. This is not the first such jump in BTC since the beginning of March, in contrast to the neutral or even negative sentiment in the stock markets. All this indicates the readiness of the bulls for decisive action. However, until now, such impulses cannot be on a solid basis, because the fundamental demand for risks is under obvious pressure.

Bitcoin Daily Chart

The most that the bulls were capable of in this case was the formation of support at the lows of July last year (ie below $30K). In January, the level moved to $35K and further to $37K at the end of February.

According to the FxPro analysts, institutional investors withdrew about $47 million from crypto funds over the past week. The outflow of funds has been observed for the second week in a row. Meanwhile, the largest Australian financial conglomerate Commonwealth Bank of Australia stated a sharp increase in interest in crypto assets among clients. The bank intends to double the department responsible for the crypto industry.

Among the big news, it is worth noting the number of burned ETH tokens in the Ethereum network, which exceeded 2 million. The process of burning altcoins began on August 5 after the release of the London update, which changed the mechanism for calculating commissions for transactions.


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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 72.8% 46 $62 538.82 4.26% 9.89% $1 233 633 214 996 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 74.8% 49 $3 337.33 4.27% 10.02% $401 207 056 171 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.000431 -0.01% 0.03% $112 585 448 619 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 72.4% 47 $560.21 4.36% 9.35% $82 676 552 417 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 84.4% 29 $151.78 4.46% 8.67% $70 438 687 891 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999957 -0.03% -0.01% $34 041 675 514 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 76.8% 37 $0.534577 0.32% 23.30% $29 832 244 844 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 87.6% 21 $7.40 0.44% 2.90% $18 561 993 879 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 72.4% 49 $0.117155 3.59% 8.30% $17 002 052 588 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 80% 35 $0.434209 0% 16.01% $15 579 847 734 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 80.8% 40 $0.138233 0.21% 10.38% $12 043 056 081 TRX 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 75.6% 44 $26.78 2.81% -0.40% $10 565 219 011 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 81.6% 37 $0.000018 2.98% 8.01% $10 503 854 213 SHIB 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 94.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 95.2% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

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