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 Over the past two weeks, investors have withdrawn more than $10bn (13%) from Tether’s USDT stable coin.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 | 60% | 92 | $20 358.95 | -1.33% | -0.55% | $388 446 303 368 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 55.6% | 90 | $1 152.46 | -1.93% | 4.48% | $139 837 109 318 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.998816 | -0.02% | -0.02% | $66 745 776 786 |  |
|
| 4 |  USDC |
USD Coin predictions | 94% | 1 | $1.000328 | 0.02% | 0.03% | $55 820 927 466 |  |
|
| 5 |  BNB |
Binance Coin predictions | 58% | 89 | $229.42 | -1.07% | 5.78% | $37 459 518 058 |  |
|
| 6 |  BUSD |
Binance USD predictions | 92.8% | 1 | $0.999158 | -0.18% | 0.06% | $17 369 031 848 |  |
|
| 7 |  XRP |
XRP predictions | 63.6% | 80 | $0.336907 | -1.76% | 4.22% | $16 287 125 919 |  |
|
| 8 |  ADA |
Cardano predictions | 66.8% | 75 | $0.474957 | -1.02% | 1.44% | $16 117 202 321 |  |
|
| 9 |  SOL |
Solana predictions | 69.6% | 66 | $35.68 | -4.55% | 1.04% | $12 230 152 580 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 64.4% | 80 | $0.067308 | -3.10% | 5.51% | $8 929 753 009 |  |
|
| 11 |  DOT |
Polkadot predictions | 65.2% | 78 | $7.42 | -1.67% | -1.75% | $7 329 831 546 |  |
|
| 12 |  DAI |
Dai predictions | 94.8% | 1 | $1.000154 | 0.06% | 0.05% | $6 718 496 522 |  |
|
| 13 |  TRX |
TRON predictions | 58.8% | 91 | $0.066274 | 0.93% | 2.59% | $6 130 034 055 |  |
|
| 14 |  SHIB |
SHIBA INU predictions | 64.8% | 74 | $0.000010 | -5.15% | 3.23% | $5 583 599 858 |  |
|
| 15 |  LEO |
UNUS SED LEO predictions | 74% | 50 | $5.74 | -1.31% | -1.91% | $5 479 483 866 |  |
