Bitcoin
BTC$57 227.41

2.77%

Ethereum
ETH$3 268.20

1.88%

Tether
USDT$1.000608

0.03%

Binance Coin
BNB$397.64

-0.22%

Solana
SOL$108.73

-0.56%

XRP
XRP$0.581236

4.79%

Bitcoin’s tedious walk around $30K


24 May 2022

#Bitcoin

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.

Bitcoin’s tedious walk around $30K

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 Over the past two weeks, investors have withdrawn more than $10bn (13%) from Tether’s USDT stable coin.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.

 

 

 


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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 63.2% 77 $57 227.41 2.77% 10.14% $1 123 928 709 833 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 80 $3 268.20 1.88% 9.00% $392 677 165 591 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000608 0.03% 0.05% $98 450 742 199 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 67.2% 70 $397.64 -0.22% 12.43% $59 464 250 949 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 79.6% 40 $108.73 -0.56% 2.07% $48 110 489 643 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 82.8% 29 $0.581236 4.79% 4.77% $31 732 154 841 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000049 0.01% 0.01% $28 537 245 374 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 69.2% 66 $0.622124 -0.06% 2.81% $22 069 873 483 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 76% 52 $39.50 0.67% 4.32% $14 901 404 487 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 80.8% 27 $0.095622 6.42% 12.28% $13 698 272 351 DOGE 7 days price change
11 TRON (TRX) TRX TRON predictions 67.2% 63 $0.143316 1.91% 2.32% $12 610 871 764 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 71.6% 61 $0.143061 1.88% 2.45% $12 588 506 729 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 76.8% 43 $19.01 -0.49% 0.47% $11 161 094 840 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 71.2% 51 $8.29 2.87% 9.67% $10 648 944 874 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

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