Buyers have returned to cryptocurrencies
The cryptocurrency market is bouncing upward along with the traditional market and is even ahead of the scale of growth. Over the past 24 hours, the top 10 coins were in the green zone. The total capitalization of the crypto market increased by $120 billion during the day. Nevertheless, this indicator remains below the threshold of $2 trillion. Investors began to buy on the fall rather quickly, indicating a high demand. However, it is worth understanding that these may be short-term positions, and a rapid rebound in cryptocurrency prices may lead to equally rapid profit-taking.
Bitcoin has added almost 4% over the past 24 hours
The decline of the Bitcoin dominance index confirms the presence of widespread demand for cryptocurrencies. This indicator is now at 41.9%, reflecting investor interest in altcoins. Bitcoin has added almost 4% over the past 24 hours and is trading around $44,000. Nevertheless, so far, the coin has failed to offset the scale of the recent correction. Over the past 7 days, Bitcoin has been losing about 9%.
Bitcoin dominance is now at 41.9%
The Crypto Fear & Greed Index for Bitcoin and major cryptocurrencies is at 27, which corresponds to the “fear” mode. The RSI index for the BTCUSD on the daily chart is in the neutral zone near the “45” mark, showing moderate growth.
In general, it can be noted that the crypto market now faces uncertainty about future prospects, and in such periods there is increased attention to the actions of the BTC whales. Regardless of Bitcoin’s declining dominance index, everyone understands that the first cryptocurrency is the main engine of the crypto market.
Arcane Research, an analytics company, notes a divergence in the actions of the “first whales” and the “new whales of 2020-2021.” The company’s analysis shows that “new whales” may be prone to profit-taking, while “first whales” prefer to accumulate BTC on price declines. The trigger for the crypto market may be data on active coin sales, which have been unmoved for about a decade.
The cryptocurrency community also speculates that we may now be witnessing the division of the largest participants in the crypto market into several camps. Both sides are interested in maximizing profits, but in the case of the “long whales,” they also want to own as many coins as possible as they approach the asset issue ceiling. It is this type of investor that can now keep the crypto market from collapsing during episodes of deep corrections.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 92% | 2 | $26 842.21 | -1.20% | 0.94% | $523 405 465 870 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 90.8% | 3 | $1 662.78 | 0.05% | 4.43% | $199 925 887 010 |  |
|
| 3 |  USDT |
Tether predictions | 93.6% | 1 | $0.999871 | -0.01% | -0.01% | $83 265 810 771 |  |
|
| 4 |  BNB |
Binance Coin predictions | 90.8% | 2 | $215.18 | -0.25% | 2.31% | $33 104 567 610 |  |
|
| 5 |  XRP |
XRP predictions | 91.6% | 9 | $0.534647 | 5.09% | 4.10% | $28 503 277 925 |  |
|
| 6 |  USDC |
USD Coin predictions | 96% | 1 | $1.000052 | -0.02% | 0% | $25 326 338 433 |  |
|
| 7 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  WTRX |
Wrapped TRON predictions | 82.8% | 26 | $0.088766 | 4.29% | 5.62% | $9 025 369 114 |  |
|
| 9 |  ADA |
Cardano predictions | 92.8% | 5 | $0.251108 | 0.46% | 3.07% | $8 821 036 648 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 92% | 4 | $0.061768 | 0.40% | 0.63% | $8 722 127 769 |  |
|
| 11 |  SOL |
Solana predictions | 85.2% | 18 | $20.15 | 2.54% | 3.98% | $8 320 172 540 |  |
|
| 12 |  TRX |
TRON predictions | 84% | 22 | $0.089356 | 3.52% | 6.83% | $7 959 484 999 |  |
|
| 13 |  TON |
Toncoin predictions | 60% | 84 | $2.21 | -2.09% | -4.06% | $7 589 260 572 |  |
|
| 14 |  DAI |
Dai predictions | 91.2% | 1 | $0.999312 | -0.10% | -0.05% | $5 344 211 383 |  |
|
| 15 |  DOT |
Polkadot predictions | 91.6% | 7 | $4.08 | -0.16% | 1.72% | $5 010 065 260 |  |
