Bitcoin
BTC$62 059.45

-1.27%

Ethereum
ETH$2 433.83

0.34%

Tether
USDT$0.999453

-0.04%

Binance Coin
BNB$579.84

2.04%

Solana
SOL$142.74

-2.06%

USD Coin
USDC$0.999931

0%

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 82% 33 $62 059.45 -1.27% 0.11% $1 226 601 980 255 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 74.8% 43 $2 433.83 0.34% -2.63% $292 983 223 989 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $0.999453 -0.04% -0.02% $119 791 684 933 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78.4% 35 $579.84 2.04% 5.31% $82 374 483 999 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 78% 45 $142.74 -2.06% -3.02% $66 984 756 078 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $0.999931 0% 0.01% $35 134 574 221 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 76.8% 43 $0.527264 -1.57% -12.22% $29 824 207 335 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 83.6% 32 $0.106629 -2.78% -0.60% $15 598 117 734 DOGE 7 days price change
9 TRON (TRX) TRX TRON predictions 95.2% 1 $0.158517 1.57% 2.99% $13 723 047 278 TRX 7 days price change
10 Toncoin (TON) TON Toncoin predictions 81.6% 31 $5.18 -0.71% -3.44% $13 139 798 644 TON 7 days price change
11 Cardano (ADA) ADA Cardano predictions 76.8% 38 $0.343700 -2.18% -3.31% $12 016 129 800 ADA 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 60 $26.35 -2.03% 0.91% $10 708 947 140 AVAX 7 days price change
13 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 92.4% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 54% 94 $0.000017 -3.42% 4.79% $10 096 333 371 SHIB 7 days price change

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