Bitcoin’s tedious walk around $30K
Bitcoin continues its tedious walk around $30K in a narrow range of $28.6-30.6K. Ethereum lost 0.4%, while other leading altcoins in the top 10 fell between 1% (XRP) and 2% (Solana). The exception was Binance Coin (+2.9%). The total capitalisation of the crypto market, according to CoinGecko, fell 0.8% overnight to $1.33 trillion. The Bitcoin Dominance Index fell 0.5% to 42.1%. The cryptocurrency Fear and Greed Index was up 2 points to 12 by Tuesday and remains in “extreme fear”.
The dynamics of the first cryptocurrency in recent days seem to have become determined by the balance of power between bulls and bears, but not the stock market dynamics. The latter showed gains on Monday, while bitcoin reversed from the upper end of its range for the past two weeks.
CoinShares data for last week showed a record weekly outflow of institutional investors from crypto funds since the start of the year. Funds are operating cautiously, and their actions may be holding back growth while buying on the dips comes from retail and crypto-kits. Thus, the market is distilled from sporadic participants who want to “ride the wave” but are not crypto enthusiasts by nature.
Without the hype inherent in the golden days’ for crypto, the flow of money into the industry is drying up, a cruel test of strength. Over the past two weeks, investors have withdrawn more than $10bn (13%) from Tether’s USDT stable coin. According to Gary Gensler, head of the SEC, many crypto-sphere projects are about to fall.
But that is not stopping lobbyists from promoting cryptocurrencies as a long-term investment vehicle. A bill has been introduced in the US House of Representatives that could lift restrictions on crypto investments by pension funds.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 64.4% | 76 | $23 417.82 | -0.63% | 1.15% | $451 514 389 015 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 68% | 64 | $1 661.88 | 0.91% | 3.64% | $203 370 239 782 |  |
|
| 3 |  USDT |
Tether predictions | 95.2% | 1 | $1.000131 | 0% | 0% | $68 037 505 087 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78.4% | 39 | $332.92 | 1.94% | 7.73% | $52 567 670 570 |  |
|
| 5 |  USDC |
USD Coin predictions | 96% | 1 | $0.999885 | 0% | -0.03% | $41 955 221 400 |  |
|
| 6 |  XRP |
XRP predictions | 72.8% | 51 | $0.411251 | 0.08% | -0.76% | $20 891 185 117 |  |
|
| 7 |  BUSD |
Binance USD predictions | 90.8% | 1 | $1.000291 | -0.02% | 0.01% | $16 277 011 211 |  |
|
| 8 |  ADA |
Cardano predictions | 63.6% | 69 | $0.402084 | 0.04% | 1.59% | $13 912 162 701 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 77.6% | 48 | $0.094571 | 3.60% | 7.39% | $12 546 748 098 |  |
|
| 10 |  MATIC |
Polygon predictions | 66.8% | 64 | $1.24 | 3.79% | 7.12% | $10 812 206 732 |  |
|
| 11 |  STETH |
Lido stETH predictions | 93.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 12 |  SOL |
Solana predictions | 60.8% | 88 | $24.65 | 1.35% | -0.13% | $9 182 943 497 |  |
|
| 13 |  DOT |
Polkadot predictions | 66% | 74 | $6.99 | 6.42% | 5.28% | $8 061 412 510 |  |
|
| 14 |  SHIB |
SHIBA INU predictions | 64.4% | 79 | $0.000014 | 16.05% | 20.58% | $7 810 721 768 |  |
|
| 15 |  LTC |
Litecoin predictions | 78% | 38 | $100.55 | 0.67% | 12.99% | $7 259 641 157 |  |
