On Monday, Bitcoin rose 5.5%, ending the day around $44,100. Ethereum added 5%, and other leading altcoins from the top ten also showed growing dynamics: from 4% (Solana) to 18.5% (XRP). The total capitalization of the crypto market increased by 5.5% over the day to $2.10 trillion. The Bitcoin dominance index has not changed, remaining at 39.2%. The Bitcoin chart continues to paint a bullish picture. With the price at $45K on Tuesday morning, BTCUSD is trading above the 50-day moving average just above the mid-January pivot area and above the down channel resistance level.
At the same time, the RSI on the daily charts has not yet entered the overbought area, leaving room for further growth. The same can be said about the entire cryptocurrency market, where the fear and greed index has reached a neutral point of 48 and is still far from the greed area. The next target for the bulls looks to be $48K, the December support area in December. Further targets are $49-50K, where the 200-day moving average and significant round level are concentrated.
The XRP token soared amid reports of a significant approach to the resolution of Ripple's legal dispute with the US Securities and Exchange Commission (SEC). Cryptocurrencies briefly stopped responding to movements in US stock indices, which started the week with a decline.
The purchases probably included retail investors, who were driven by the desire not to miss the beginning of the market growth (FOMO). However, their buying potential is unlikely to be enough if stock indicators intensify their decline and large institutional investors come into play, wishing to resume profit-taking.
KPMG, one of the world's largest auditors, has added Bitcoin and Ethereum to its Canadian division's corporate reserves. This is the firm's first direct investment in cryptocurrencies.
Meanwhile, at the end of 2021, Tesla received a loss of $ 101 million from a decrease in the cost of previously purchased bitcoins, which it spent $ 1.5 billion on. Previously, Elon Musk called the decision to acquire BTC as a reserve asset quite risky.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 71.6% | 54 | $27 633.20 | -0.02% | 2.44% | $534 060 036 937 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 75.6% | 39 | $1 749.35 | -0.49% | -0.84% | $214 074 957 233 | ||
3 | ![]() |
Tether predictions | 92.8% | 1 | $1.001019 | -0.11% | -0.16% | $78 566 092 119 | ||
4 | ![]() |
Binance Coin predictions | 75.6% | 51 | $323.33 | -0.83% | -3.57% | $51 051 275 960 | ||
5 | ![]() |
USD Coin predictions | 92.4% | 2 | $0.999720 | 0.07% | -0.02% | $34 404 469 197 | ||
6 | ![]() |
XRP predictions | 86% | 21 | $0.425604 | -5.31% | 12.54% | $21 684 894 622 | ||
7 | ![]() |
HEX predictions | 59.2% | 82 | $0.097262 | -21.83% | 8.78% | $16 866 375 361 | ||
8 | ![]() |
Cardano predictions | 74.8% | 43 | $0.360665 | -3.32% | 4.16% | $12 522 887 479 | ||
9 | ![]() |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
10 | ![]() |
Dogecoin predictions | 70.8% | 51 | $0.074732 | -3.91% | -1.34% | $9 914 772 100 | ||
11 | ![]() |
Polygon predictions | 77.6% | 48 | $1.11 | -1.86% | -9.15% | $9 659 567 617 | ||
12 | ![]() |
Solana predictions | 75.2% | 52 | $21.59 | -1.00% | 4.01% | $8 284 331 535 | ||
13 | ![]() |
Binance USD predictions | 96% | 1 | $0.993449 | -0.65% | -0.74% | $8 011 194 439 | ||
14 | ![]() |
Polkadot predictions | 73.6% | 49 | $6.13 | -1.26% | -6.49% | $7 164 137 045 | ||
15 | ![]() |
Litecoin predictions | 72% | 58 | $90.76 | -0.41% | 6.89% | $6 584 394 664 |
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