Bitcoin
BTC$29 850.43

-3.65%

Ethereum
ETH$2 027.90

-4.59%

Tether
USDT$0.998991

0.01%

USD Coin
USDC$1.000571

0.01%

Binance Coin
BNB$297.70

-3.06%

XRP
XRP$0.426717

-3.00%

Bit-comment: what does not grow – falls


01 Jul 2021

#Bitcoin

Over the past 24 hours, Bitcoin has shown a decline of almost 3% and is trading for $ 34,000. Thus, the benchmark cryptocurrency continues to be in a sideways price trend. Since the phrase “what does not grow – falls” is relevant for the crypto market, the longer the coin experiences difficulties in determining the direction of movement, the higher the likelihood of continuing the fall.

The Greed and Fear Index for Bitcoin and the largest cryptocurrencies is at around 28, which corresponds to the “fear “Until recently, this indicator was in” extreme fear “mode, and has now been able to switch” to the next gear “thanks to the recent bounce in the price. As the end of the week approaches, the sideways trend will be increasingly perceived by the reluctance of large investors to accept any solutions, waiting for the situation in the traditional market to unfold.

The retail sector is also likely to switch to standby mode, which will be seen in a sideways trend over the weekend. Market participants understand that it is impossible to print and borrow money forever, so sooner or later the reboot phase will begin. and this time it can be quite painful. this process can be a blow for cryptocurrencies, however, given the fact that there are not many technological assets with limited emission left in the global economy, Bitcoin will receive its support. In addition, an active global trade war will lead to the fact that the states themselves will need an asset that does not obey borders and regulation.


Related

Has Bitcoin reached the bottom?
Has Bitcoin reached the bottom?
Bitcoin's Price Plunges Below $34,000
Bitcoin's Price Plunges Below $34,000
Bitcoin stabilised but has trouble to reverse strongly
Bitcoin stabilised but has trouble to reverse strongly
Bitcoin will fall until the bulls capitulate
Bitcoin will fall until the bulls capitulate
The culmination of the battle for the trend in Bitcoin
The culmination of the battle for the trend in Bitcoin
Bitcoin undecided on a scenario for May
Bitcoin undecided on a scenario for May
Bitcoin: How the $1 million rally begins
Bitcoin: How the $1 million rally begins
Bitcoin's last hope for $38K
Bitcoin's last hope for $38K
Bitcoin slips to the lows of the year
Bitcoin slips to the lows of the year

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 65.6% 68 $29 850.43 -3.65% -4.26% $568 403 121 147 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64% 69 $2 027.90 -4.59% -11.93% $244 980 892 850 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $0.998991 0.01% -0.10% $75 675 664 066 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $1.000571 0.01% 0.07% $51 906 824 870 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 70% 67 $297.70 -3.06% -4.32% $48 607 072 077 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 68.8% 65 $0.426717 -3.00% -15.24% $20 628 827 463 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 67.2% 69 $0.563724 -4.15% -12.20% $19 027 115 441 ADA 7 days price change
8 Solana (SOL) SOL Solana predictions 59.6% 80 $54.76 -3.33% -18.25% $18 460 241 423 SOL 7 days price change
9 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $0.999628 -0.08% 0% $17 980 196 273 BUSD 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 67.2% 70 $0.087759 -4.13% -19.79% $11 643 053 987 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 62.4% 80 $10.70 -7.52% -5.91% $10 563 488 569 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 60% 82 $33.18 -7.71% -27.07% $8 928 026 857 AVAX 7 days price change
13 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 68.8% 68 $29 806.39 -3.61% -4.46% $8 465 131 079 WBTC 7 days price change
14 TRON (TRX) TRX TRON predictions 67.6% 65 $0.069523 -2.73% -9.07% $6 797 247 437 TRX 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64.8% 79 $0.000012 -5.29% -21.73% $6 634 444 793 SHIB 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

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.