Bitcoin
BTC$22 855.29

-3.86%

Ethereum
ETH$1 571.05

-4.53%

Tether
USDT$1.000106

0%

Binance Coin
BNB$307.09

-3.92%

USD Coin
USDC$1.000146

0.02%

XRP
XRP$0.392404

-6.64%

Bitcoin’s breaking support


18 Apr 2022

#Bitcoin

Bitcoin declined by 5.7%, ending the week at around $40,300. Ethereum lost 6.6%, while other leading altcoins in the top 10 fell from 2.9% (Binance Coin) to 17% (Terra). The exception was XRP (+0.8%). Monday began with a further 3.3% drawdown in bitcoin to $38.9K, which had fallen below its support line since January.

The signal for a break of the mild upward trend would be a consolidation below the $38K levels. If the bulls capitulate, the first cryptocurrency could be pushed into the $32-35K range without much resistance. A consolidation scenario below $30K would require an absolute disaster in the financial markets. We have seen steady and impressive demand from long-term buyers as we have fallen into this area.

 The total capitalisation of the crypto market, according to CoinMarketCap, fell by 7.3% over the week to $1.81 trillion. The Bitcoin Dominance Index fell by 0.5% to 40.75% over the same period. The cryptocurrency fear and greed index lost 4 points to 24 by Monday, returning to “extreme fear” territory after two days of consolidation in “fear”. Bitcoin declined for the second week in a row under negative stock market performance.

Bitcoin’s breaking support

Last week’s noticeable decline in BTC on Monday

Executives of the world’s largest crypto exchanges told CNBC that they have recently noticed signs of a “crypto thaw” regarding governments’ changing attitude towards cryptocurrencies. Portugal’s central bank has granted the country’s first crypto-asset license to a bank. Bison Bank became the first bank in Portugal to offer large customers cryptocurrency storage and trading services. Cardano founder Hoskinson suggested that Musk join forces to create a decentralised social network if Twitter does not come under the Tesla founder’s control.

Vlad Tenev, Robinhood’s CEO, said DOGE would become the most used cryptocurrency for Internet payments. However, to do so, developers must improve transaction processing speed.

 


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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 64.8% 78 $22 855.29 -3.86% -0.53% $440 592 629 611 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 63.2% 83 $1 571.05 -4.53% -3.62% $192 254 948 671 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $1.000106 0% -0.01% $67 818 518 303 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 69.2% 62 $307.09 -3.92% 0.39% $48 489 817 539 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000146 0.02% 0.02% $42 719 163 166 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 66% 65 $0.392404 -6.64% -7.29% $19 935 533 079 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000168 0% 0.01% $15 734 836 580 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 64% 72 $0.371921 -6.16% -1.30% $12 866 103 968 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 70% 64 $0.089441 -1.18% 0.71% $11 866 270 466 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 95.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 67.2% 74 $1.092517 -6.94% 9.99% $9 542 387 704 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 56.4% 94 $23.92 -8.74% -1.24% $8 889 597 245 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 58.8% 81 $6.21 -6.54% -5.75% $7 150 468 683 DOT 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 69.6% 55 $93.29 -1.81% 3.12% $6 732 701 641 LTC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64.4% 80 $0.000012 -4.57% -3.85% $6 339 026 139 SHIB 7 days price change

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