Bitcoin
BTC$69 282.05

-0.31%

Ethereum
ETH$2 490.79

-0.85%

Tether
USDT$0.999729

0.03%

Binance Coin
BNB$568.12

-0.79%

Solana
SOL$166.02

-0.15%

USD Coin
USDC$1.000028

0.01%

Cryptocurrencies need a driver


04 Oct 2022

#Ethereum

Bitcoin has gained 2.8% over the past 24 hours to $19750 but remains broadly zen. Against the backdrop of falling equity markets, the first cryptocurrency's balanced moves looked like a sign of domestic strength. But yesterday, the equity market marked a sharper rise than cryptocurrencies. Bitcoin is one move away from the top end of its trading range ($20300). But only a solid consolidation above this boundary should be considered a meaningful bullish signal.

Ethereum is lying at its 200-week moving average for the third week. Perhaps the entire crypto market lacks an important external driver to switch to growth, although no meaningful decline exists.

Bitcoin has gained 2.8% over the past 24 hours to $19750

News background

According to CoinShares, investments in cryptocurrencies increased by $10 million last week. The figure rose for the third week in a row, but the scale of investment indicates continued indecision. Bitcoin investments rose by $8m, Ethereum by $6m, and investments to short bitcoin rose by $2m. According to CryptoQuant, bitcoin outflows from cryptocurrency exchanges have recently intensified, which could be seen as a bullish signal.

Ethereum is lying at its 200-week moving average for the third week

US Senator Cynthia Lummis has expressed concerns about the national debt and rising inflation in the US. In her view, citizens should invest in bitcoin to preserve their funds. According to Nomics, some 12,100 cryptocurrencies have effectively stopped trading this year, turning into "zombies". Technically, the coins exist but have not shown trading volumes for at least a month.


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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 78.4% 40 $69 282.05 -0.31% 3.36% $1 370 184 537 016 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 88% 21 $2 490.79 -0.85% 0.45% $299 917 720 518 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $0.999729 0.03% 0.10% $120 543 601 366 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 93.6% 4 $568.12 -0.79% -2.54% $81 865 642 407 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 69.2% 65 $166.02 -0.15% -2.72% $78 164 737 381 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000028 0.01% 0.02% $34 873 587 642 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 94.8% 5 $0.509771 -0.61% -0.59% $28 990 019 970 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 60.4% 77 $0.159276 0.02% 15.96% $23 354 628 694 DOGE 7 days price change
9 TRON (TRX) TRX TRON predictions 90% 4 $0.166042 -0.76% 0.66% $14 354 929 269 TRX 7 days price change
10 Toncoin (TON) TON Toncoin predictions 86.8% 13 $4.87 -0.48% -1.08% $12 387 960 941 TON 7 days price change
11 Cardano (ADA) ADA Cardano predictions 93.2% 7 $0.347596 -2.61% 4.30% $12 164 137 154 ADA 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 80.4% 28 $0.000017 -0.99% 2.41% $10 263 960 079 SHIB 7 days price change
13 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 94% 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% 1 $65 806.83 0.78% -2.68% $10 083 957 608 WBTC 7 days price change

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