Bitcoin
BTC$58 802.33

2.47%

Ethereum
ETH$3 158.99

2.73%

Tether
USDT$1.000023

-0.02%

Binance Coin
BNB$537.00

2.16%

Solana
SOL$140.42

2.70%

USD Coin
USDC$0.999889

-0.02%

Crypto may be ready for a new leg down


20 Jun 2023

#Ethereum

The crypto market capitalisation rose 1.5% last week to reach $1.066 trillion at the start of the new week. But it wasn't a smooth ride, as Bitcoin gained 2% last week to end the week down 4% at around $26,500. Ethereum lost 1% to $1730. Other leading altcoins in the top 10 fell between 0.4% (TRON) and 6.4% (XRP). The exception was BNB (+2.6%).

Thanks largely to positive equity market traction, bitcoin found support on the downside below $25,000 and formally closed above its 200-week average. The market was near the upper end of the downside range on the smaller timeframes. Given the overbought equity market, more downside risks could push BTCUSD lower, leaving it within the bearish trend. Only a rally above $27.2K - the area of previous local highs and the 50-day moving average - can effectively break this trend.

According to Bloomberg, Bitcoin's share of the total market value of all cryptocurrencies has reached its highest level since mid-autumn 2021. Traders are more likely to keep their money away from altcoins.

News background

Digital asset platform Bakkt has announced that it is removing Solana, Polygon and Cardano cryptocurrencies from its available assets until regulatory uncertainty is resolved. US financial giants BlackRock, Bank of America and Fidelity are increasing their investment in MicroStrategy shares, with more than $200 million invested. MicroStrategy holds more than 140,000 BTCs.

The Securities and Exchange Commission (SEC) agreed with the Binance exchange to restrict employees of the parent platform from accessing the assets of Binance.US customers. French authorities have opened an investigation into the Binance exchange, Le Monde reported, citing the Paris prosecutor's office. The authorities suspect the exchange of money laundering, failure to comply with KYC procedures and other violations of French law. Tesla CEO Elon Musk denies insider trading in the Dogecoin cryptocurrency. He says he does not own the cryptocurrency wallets allegedly used for DOGE transactions.


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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 73.2% 50 $58 802.33 2.47% 3.63% $1 159 592 582 308 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 77.2% 47 $3 158.99 2.73% 5.29% $379 752 378 655 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000023 -0.02% -0.01% $112 419 892 990 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 76.4% 47 $537.00 2.16% 5.16% $79 252 356 498 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 80% 29 $140.42 2.70% 1.28% $65 148 922 145 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92% 1 $0.999889 -0.02% -0.01% $33 923 022 151 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 80.4% 29 $0.511923 8.53% 17.69% $28 568 046 112 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 85.6% 25 $7.35 1.71% -1.59% $18 428 819 594 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 74.4% 52 $0.110064 3.71% 1.68% $15 970 045 255 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 82% 33 $0.421789 5.00% 18.46% $15 134 211 562 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 79.2% 41 $0.139556 1.97% 7.60% $12 159 398 125 TRX 7 days price change
12 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 72.8% 55 $25.95 3.06% 0.71% $10 233 289 511 AVAX 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 96% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 94.4% 1 $65 806.83 0.78% -2.68% $10 083 957 608 WBTC 7 days price change

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