Over the past 24 hours, cryptocurrency market capitalisation has fallen by 1.8% to $2.59 trillion, with bitcoin losing only 0.5% to $56.7K. On bitcoin’s daily charts, the RSI index remains in the lower half of the scale, at 45. The 50-day moving average is now at $60.7K and the 200-day at $48.2K, both moving horizontally. On balance, this means that Bitcoin is in a medium-term decline phase but is still on a long-term bull phase.
Locally, a steady sequence of lower highs and lower lows has been forming in Bitcoin since 17 November. The intraday charts clearly show BTCUSD bouncing back from increasingly lower levels. And this is a serious reason to think about selling by the big players.
The cryptocurrency Fear and Greed Index lost one point, declined to 32. The market failed to pick up the pace of the recovery and use fear as a reason to buy because of the negative stock market dynamics. Players rushed to lock in some of the profits in those coins that had been rising ahead of the recent gains. As a result, ETHUSD lost 4% over 24 hours, Binance Coin -1.4% and Polkadot -5.6%.
BTCUSD Daily Chart
Despite the latest downtick, the cryptocurrency market continues to distance itself from the situation in traditional financials without going into a deeper profit correction mode. The local downtrend in BTCUSD, if not accelerated in the coming days, promises to be a sign of a healthy maturation of the market without hurting it. Cryptocurrency investors are becoming more sophisticated, viewing the sector as a business rather than a capital-savings vehicle or casino, where a bet played can multiply an investment.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 60.8% | 76 | $65 916.61 | -3.02% | -7.85% | $1 295 797 715 501 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 66.4% | 68 | $3 431.41 | -4.76% | -14.87% | $412 034 451 178 | ||
3 | USDT | Tether predictions | 96% | 1 | $1.000111 | 0.05% | -0.01% | $103 629 685 403 | ||
4 | SOL | Solana predictions | 65.2% | 79 | $184.76 | -9.30% | 21.28% | $82 013 896 110 | ||
5 | BNB | Binance Coin predictions | 58.4% | 90 | $536.11 | -5.15% | 0.39% | $80 168 471 194 | ||
6 | XRP | XRP predictions | 68.4% | 59 | $0.615485 | -1.01% | -11.06% | $33 728 706 402 | ||
7 | USDC | USD Coin predictions | 92.4% | 2 | $1.000282 | 0.02% | 0.02% | $31 270 163 169 | ||
8 | ADA | Cardano predictions | 64% | 76 | $0.633413 | -5.90% | -16.65% | $22 527 010 926 | ||
9 | AVAX | Avalanche predictions | 67.6% | 73 | $58.80 | -3.66% | 20.83% | $22 184 253 510 | ||
10 | DOGE | Dogecoin predictions | 58.4% | 89 | $0.136184 | -10.14% | -21.98% | $19 545 943 977 | ||
11 | SHIB | SHIBA INU predictions | 54.4% | 94 | $0.000026 | -10.09% | -22.02% | $15 230 374 615 | ||
12 | DOT | Polkadot predictions | 57.2% | 87 | $9.40 | -6.22% | -13.91% | $13 389 000 592 | ||
13 | TON | Toncoin predictions | 69.2% | 69 | $3.67 | -6.90% | 3.81% | $12 734 927 068 | ||
14 | TRX | TRON predictions | 88% | 19 | $0.123224 | -2.38% | -7.45% | $10 822 853 238 | ||
15 | WTRX | Wrapped TRON predictions | 83.2% | 21 | $0.123213 | -2.12% | -7.65% | $10 821 889 738 |
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