Bitcoin
BTC$28 532.89

-0.14%

Ethereum
ETH$1 824.10

-0.20%

Tether
USDT$1.000316

0.02%

Binance Coin
BNB$315.64

-0.57%

USD Coin
USDC$0.999876

0%

XRP
XRP$0.511375

-5.49%

Bitcoin's pump or the start of a rise? America's opening will show us


06 Jun 2022

#Bitcoin

Bitcoin rose 3.1% over the past week, finishing near $30,000. Ethereum added 0.9%, while other leading altcoins in the top 10 showed mixed dynamics, ranging from a 10.7% decline (Solana) to a 23.2% rise (Cardano). The new week is off to a promising start. BTCUSD has added 4.6% in the last 24 hours, more than 4% since the start of the day and is again testing the $31.0K mark. Cryptocurrency investors were not spooked by Friday's market decline, as key stock indices were above the recent local lows and had been adding in recent hours.

The total capitalisation of the crypto market, according to CoinMarketCap, rose 3.8% in 24 hours to $1.28 trillion, with the Bitcoin Dominance Index adding 0.2% over the same period to Friday's 46.5%. By Monday, the cryptocurrency fear and greed index rose from 10 to 13 points. For about a month now, this indicator has been steadily below 20 - in a state of extreme fear.

While at current levels, BTCUSD remains below the consolidation area at the lows of the middle of last year. It is worth paying attention to the change in the trend seen in the weekly candlesticks. Last week's lows and highs were higher than the week before. The intraday charts show that the price is being pushed up in the absence of investors in the USA.

Bitcoin's pump or the start of a rise? America's opening will show us

However, one must make sure that this demand is global. Retail investors may try to promote the start of the rise by feeding them an abundant supply. BTC was climbing to three-week highs but lost almost all its gains by the end of the week. The first cryptocurrency has been trading in a sideways range around the $30,000 level for more than three weeks. The bearish trend in the market has caused long-term investors to capitulate. This factor signals that the price has reached a multi-year bottom, according to CryptoQuant. Reserve Bank of India Deputy Governor T. Rabi Sankar believes central banks' digital currencies could completely displace private virtual currencies, including bitcoin.

May proved to be a bad month for BTC and ETH miners. Bitcoin miners' earnings fell 21.9% for the month, while miners of the second cryptocurrency fell 24.1%. The market will draw its attention to The annual Consensus 2022 this week. This year's Crypto Industry Excellence Expo will be hosted in Austin, Texas, in June 9-12.

 


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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 61.2% 79 $28 532.89 -0.14% 3.93% $551 670 149 541 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.8% 61 $1 824.10 -0.20% 4.92% $219 727 600 320 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000316 0.02% -0.05% $79 719 012 525 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 74.4% 55 $315.64 -0.57% -2.11% $49 835 690 238 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.8% 2 $0.999876 0% 0.01% $32 523 408 102 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 61.2% 82 $0.511375 -5.49% 14.38% $26 426 923 668 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 64.8% 68 $0.079733 -11.69% -4.21% $13 826 597 050 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 76.8% 41 $0.395366 -1.54% 12.31% $13 736 058 748 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 82% 23 $0.082097 6.31% 11.45% $11 392 170 316 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 84.8% 26 $1.12 -0.51% 3.83% $10 126 762 079 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 79.2% 36 $21.17 -1.11% 3.92% $8 163 446 069 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $0.999556 -0.03% -0.01% $7 553 833 722 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 83.6% 28 $6.34 0.07% 7.60% $7 432 742 823 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 71.6% 50 $92.91 3.13% 1.69% $6 746 413 734 LTC 7 days price change

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