Bitcoin
BTC$57 125.03

1.84%

Ethereum
ETH$3 256.32

1.07%

Tether
USDT$1.000514

0.03%

Binance Coin
BNB$398.06

-0.14%

Solana
SOL$108.72

-1.46%

XRP
XRP$0.578854

4.33%

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 65.2% 77 $57 125.03 1.84% 10.16% $1 121 917 971 187 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.4% 80 $3 256.32 1.07% 9.26% $391 249 577 993 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $1.000514 0.03% 0.05% $98 441 517 000 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 67.2% 70 $398.06 -0.14% 12.35% $59 527 517 481 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 79.6% 40 $108.72 -1.46% 2.19% $48 108 110 616 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82.4% 29 $0.578854 4.33% 4.70% $31 602 076 437 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 94% 1 $0.999964 0.01% 0% $28 534 837 343 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 67.6% 66 $0.620017 -0.62% 2.74% $21 995 107 432 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 72.8% 52 $39.33 -0.13% 4.39% $14 836 058 547 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 84.8% 27 $0.095642 5.26% 12.56% $13 701 198 520 DOGE 7 days price change
11 TRON (TRX) TRX TRON predictions 68% 63 $0.143274 1.71% 2.21% $12 607 201 135 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 66.8% 61 $0.143060 1.86% 2.23% $12 588 400 022 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 76.4% 43 $18.98 -0.62% 0.27% $11 141 726 258 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 74.8% 50 $8.26 1.56% 10.00% $10 609 272 807 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 92% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

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