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.
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%.
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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 72.8% | 51 | $27 699.62 | -1.47% | 12.37% | $535 312 178 703 | ||
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2 | ![]() |
Ethereum predictions | 82% | 34 | $1 755.65 | -1.77% | 5.94% | $214 845 385 726 | ||
3 | ![]() |
Tether predictions | 92.4% | 1 | $1.002084 | 0.05% | -0.07% | $77 597 684 287 | ||
4 | ![]() |
Binance Coin predictions | 77.2% | 47 | $324.93 | -3.40% | 1.29% | $51 303 068 387 | ||
5 | ![]() |
USD Coin predictions | 90.4% | 2 | $0.999104 | 0.05% | -0.05% | $34 688 583 156 | ||
6 | ![]() |
XRP predictions | 87.2% | 17 | $0.443389 | -2.43% | 21.62% | $22 591 077 684 | ||
7 | ![]() |
HEX predictions | 62.4% | 82 | $0.121831 | 18.79% | 50.10% | $21 126 843 527 | ||
8 | ![]() |
Cardano predictions | 73.6% | 46 | $0.372955 | -0.19% | 14.21% | $12 948 673 638 | ||
9 | ![]() |
Lido stETH predictions | 94.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
10 | ![]() |
Dogecoin predictions | 68.8% | 57 | $0.075250 | -0.62% | 6.67% | $9 983 489 971 | ||
11 | ![]() |
Polygon predictions | 71.2% | 51 | $1.12 | -1.27% | -0.90% | $9 820 053 978 | ||
12 | ![]() |
Solana predictions | 70.4% | 54 | $21.73 | -2.22% | 11.16% | $8 340 660 175 | ||
13 | ![]() |
Binance USD predictions | 94.4% | 1 | $0.999536 | -0.06% | -0.06% | $8 060 283 229 | ||
14 | ![]() |
Polkadot predictions | 74% | 51 | $6.20 | -1.07% | 3.53% | $7 249 289 155 | ||
15 | ![]() |
Litecoin predictions | 68.4% | 58 | $88.07 | 8.87% | 11.63% | $6 388 980 451 |
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