Bitcoin's bullish stability
Bitcoin has been down 1.2% over the past seven days, trading at $23,600. These are tiny moves by crypto market standards. Indeed, the first cryptocurrency has been dealing with little amplitude over the past week. Ethereum has added the same amount of 2.6% to $1720 in the last 24 hours and seven days. The top altcoins' 7-days performance ranges from -0.11% (Solana) to +19% (Avalanche).
The total capitalisation of the crypto market, according to CoinMarketCap, rose 2.5% for the week to $1.1 trillion. The Bitcoin Dominance Index slipped 0.6 percentage points to 40.4% over the same period. The Cryptocurrency Fear and Greed Index fell 3 points for the week to 30 and remains in a state of "fear".
Last week Bitcoin made its fourth reversal from decline to rise within a moderately rising range. Investors were probably inspired by the positive dynamics of the stock markets amid recovering risk demand there. Buying forces reversed the trend even before the price reached the lower boundary of the corridor and the 50-day average.
The 200-week moving average, in this case, acted as a support line, which we see as a confirmation that the downtrend in cryptocurrencies is over. However, it is worth remembering that a rally rarely follows this. Typically, the market goes through a long period of uncertain and vulnerable growth. Only global events like halving or extreme liquidity injections from central banks or governments into the financial system can kick-start a rally.
Background
That said, Americans are investing in cryptocurrencies despite the market downturn. According to The Balance's financial website, 39% of US investors have become more invested in cryptocurrencies. American investor and Shark Tank star Kevin O'Leary said he had bought high market capitalisation cryptocurrencies such as Bitcoin and Ethereum despite the slump in his investment portfolio.
According to a Cumberland survey of institutional investors, most respondents expect bitcoin to rise to $32K as soon as this year. Before that, however, BTC could fall to $16K.
Tesla CEO Elon Musk again spoke out in support of Dogecoin. According to him, the "dogecoin" cryptocurrency network can handle significantly more transactions than the bitcoin network. CME Group, one of the world's leading derivatives players, will launch BTC and ETH futures in euros.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 79.6% | 31 | $62 739.12 | 2.03% | -10.76% | $1 235 111 352 945 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 79.6% | 41 | $3 046.03 | 1.89% | -13.57% | $365 743 745 945 |  |
|
| 3 |  USDT |
Tether predictions | 92% | 1 | $1.000485 | 0.04% | 0.02% | $109 084 859 564 |  |
|
| 4 |  BNB |
Binance Coin predictions | 83.6% | 21 | $546.83 | 2.08% | -10.25% | $81 743 047 650 |  |
|
| 5 |  SOL |
Solana predictions | 74% | 48 | $138.61 | 5.08% | -20.01% | $61 933 866 177 |  |
|
| 6 |  USDC |
USD Coin predictions | 91.6% | 2 | $1.000151 | 0.01% | 0.01% | $33 091 075 053 |  |
|
| 7 |  XRP |
XRP predictions | 74.4% | 52 | $0.502983 | 1.65% | -17.39% | $27 729 001 886 |  |
|
| 8 |  TON |
Toncoin predictions | 68.4% | 61 | $6.53 | 8.23% | -8.85% | $22 682 803 053 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 70.4% | 60 | $0.149542 | 2.00% | -23.53% | $21 525 310 894 |  |
|
| 10 |  ADA |
Cardano predictions | 73.2% | 56 | $0.454844 | 2.56% | -22.62% | $16 202 750 617 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 61.2% | 85 | $0.000022 | 1.76% | -18.85% | $13 218 649 704 |  |
|
| 12 |  AVAX |
Avalanche predictions | 69.2% | 63 | $34.49 | 3.17% | -25.57% | $13 035 378 083 |  |
|
| 13 |  STETH |
Lido stETH predictions | 92.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 80.8% | 31 | $63 055.22 | 2.86% | -10.29% | $9 797 755 685 |  |
|
| 15 |  DOT |
Polkadot predictions | 71.6% | 52 | $6.80 | 2.83% | -18.64% | $9 757 436 368 |  |
