The value of the cryptocurrency market rose almost 3% over the past 24 hours to 2.07 trillion. Exceeding the psychologically important circular mark pulled demand for coins outside the top 10. Separately, bitcoin enjoyed demand from the pull into risky assets in traditional financial markets and the weakening dollar. Bitcoin has fallen slightly short of the entire crypto market since the beginning of the week, pushing its share down to 40%. However, it is too early to say that a new rally in crypto has begun. The crypto market remains 30% below its peaks in early November, and capitalisation growth is uneven.
Interestingly, the cryptocurrency fear and greed index lost 1 point to 21 overnight, despite increasing market cap. Yesterday's rise did not gain traction at the start of the day on Thursday. Fixing above $45K against $43.5K now would confirm the strength of the bulls. It is reasonable to talk about a rebound within the descending channel until that time.
If the dollar goes back to growth in the nearest future, it will pressure stock markets. The cryptocurrency market, in these circumstances, risks reversing back to the downside, stopping the rebound and remaining in a prolonged downtrend channel. We should be wary of a smooth decline like this, as it drains optimists. We saw a similar descent in 2018 when the fall became uniformly smooth in the second half of the year, and a wide range of crypto-enthusiasts switched to standby mode until mid-2020.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 59.2% | 88 | $19 108.68 | -0.12% | -10.44% | $364 683 630 223 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 54% | 93 | $1 051.12 | -1.09% | -14.27% | $127 610 536 230 | ||
3 | ![]() |
Tether predictions | 91.6% | 1 | $0.999042 | 0% | -0.04% | $66 018 262 534 | ||
4 | ![]() |
USD Coin predictions | 95.6% | 1 | $1.000039 | -0.01% | 0% | $55 804 793 378 | ||
5 | ![]() |
Binance Coin predictions | 65.2% | 75 | $216.74 | -0.87% | -9.37% | $35 388 059 426 | ||
6 | ![]() |
Binance USD predictions | 92.4% | 1 | $1.001586 | 0.07% | 0.28% | $17 575 061 690 | ||
7 | ![]() |
XRP predictions | 68% | 69 | $0.317499 | 1.53% | -12.57% | $15 348 864 758 | ||
8 | ![]() |
Cardano predictions | 66.8% | 72 | $0.448366 | -0.36% | -10.65% | $15 214 866 694 | ||
9 | ![]() |
Solana predictions | 68% | 70 | $32.77 | -0.23% | -19.15% | $11 253 894 583 | ||
10 | ![]() |
Dogecoin predictions | 66.8% | 62 | $0.066138 | 0.06% | -13.89% | $8 774 635 420 | ||
11 | ![]() |
Dai predictions | 94.8% | 1 | $1.000043 | -0.04% | 0% | $6 895 987 122 | ||
12 | ![]() |
Polkadot predictions | 68% | 67 | $6.72 | -0.01% | -16.62% | $6 636 204 716 | ||
13 | ![]() |
TRON predictions | 66% | 74 | $0.065733 | 3.58% | -3.47% | $6 079 571 196 | ||
14 | ![]() |
UNUS SED LEO predictions | 73.6% | 54 | $5.87 | 2.64% | -0.14% | $5 604 429 157 | ||
15 | ![]() |
SHIBA INU predictions | 71.2% | 63 | $0.000010 | 0.62% | -13.36% | $5 523 555 766 |
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.