Bitcoin has lost 5.3% in the past 24 hours, falling to $38.4K. Ethereum is down 5.4% to $2845 in the same time frame. In the top 10 altcoins, losses range from 3.6% (BNB) to 12.7% (Dogecoin). Total crypto market capitalisation, according to CoinMarketCap, fell 5.1% overnight to $1.77 trillion. Bitcoin’s dominance index fell to 41.2%.
By Wednesday, the Cryptocurrency Fear and Greed Index fell 6 points to 21 and moved back to “extreme fear”. Bitcoin collapsed with acceleration compared to the stock market on Tuesday, falling the most in 15 days. Near the $38K level, the first cryptocurrency fumbled for buyer demand. Around these levels in February and early March, buyers were already breaking the downtrend, but the upside momentum proved unsustainable.
On the balance sheet, we have contradictory short-term signals. The BTCUSD has abruptly fallen below a critical support line, a bearish signal. At the same time, the uptrend breakdown failed to be confirmed by buying near previous local lows. We can describe it as Bitcoin falling out of the window but latching onto the windowsill. Equally contradictory was the news backdrop.
According to CoinShares, institutional investors continue to withdraw capital from crypto funds from the downside. The net outflow of funds last week was $7.2 million, although it was down from the previous two weeks when investors withdrew more than $231 million.
ECB spokesman Fabio Panetta called the cryptocurrency industry the “Wild West” and called for stricter regulation. Meanwhile, bitcoin steps up further in recognition of a long-term investment vehicle. Fidelity Investments, one of the largest asset management firms, will make it possible to add bitcoin to its retirement portfolios. In addition, the sustainability of mining has improved. The Bitcoin Mining Council (BMC) stated that mining efficiency increased by 63% in the last quarter thanks to the widespread adoption of sustainable energy and modern techniques.
As a result of the controversial picture, investors refrain from active action. According to Kaiko, trading volume on cryptocurrency exchanges has fallen to its lowest level since the summer of 2021. Glassnode believes that bitcoin’s fundamental metrics have improved in recent months.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 59.6% | 92 | $20 358.95 | -1.33% | -0.55% | $388 446 303 368 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 55.2% | 90 | $1 152.46 | -1.93% | 4.48% | $139 837 109 318 | ||
3 | ![]() |
Tether predictions | 94.4% | 1 | $0.998816 | -0.02% | -0.02% | $66 745 776 786 | ||
4 | ![]() |
USD Coin predictions | 93.6% | 1 | $1.000328 | 0.02% | 0.03% | $55 820 927 466 | ||
5 | ![]() |
Binance Coin predictions | 58.4% | 89 | $229.42 | -1.07% | 5.78% | $37 459 518 058 | ||
6 | ![]() |
Binance USD predictions | 91.6% | 1 | $0.999158 | -0.18% | 0.06% | $17 369 031 848 | ||
7 | ![]() |
XRP predictions | 62% | 80 | $0.336907 | -1.76% | 4.22% | $16 287 125 919 | ||
8 | ![]() |
Cardano predictions | 65.6% | 75 | $0.474957 | -1.02% | 1.44% | $16 117 202 321 | ||
9 | ![]() |
Solana predictions | 68% | 66 | $35.68 | -4.55% | 1.04% | $12 230 152 580 | ||
10 | ![]() |
Dogecoin predictions | 61.6% | 80 | $0.067308 | -3.10% | 5.51% | $8 929 753 009 | ||
11 | ![]() |
Polkadot predictions | 63.2% | 78 | $7.42 | -1.67% | -1.75% | $7 329 831 546 | ||
12 | ![]() |
Dai predictions | 92% | 1 | $1.000154 | 0.06% | 0.05% | $6 718 496 522 | ||
13 | ![]() |
TRON predictions | 55.6% | 91 | $0.066274 | 0.93% | 2.59% | $6 130 034 055 | ||
14 | ![]() |
SHIBA INU predictions | 63.2% | 74 | $0.000010 | -5.15% | 3.23% | $5 583 599 858 | ||
15 | ![]() |
UNUS SED LEO predictions | 76.8% | 50 | $5.74 | -1.31% | -1.91% | $5 479 483 866 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2022 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.