Bitcoin
BTC$30 326.91

1.12%

Ethereum
ETH$2 076.58

2.21%

Tether
USDT$0.999001

0.01%

USD Coin
USDC$1.000230

-0.02%

Binance Coin
BNB$304.44

2.05%

XRP
XRP$0.435585

2.31%

Cryptomarket changing landscape


17 Jan 2022

#Bitcoin

The Cryptocurrency Fear and Greed Index has been cruising between 21-23 for the past seven days - in the extreme fear territory, finding itself in the middle of that range on Monday. Meanwhile, the value of all coins tracked by CoinMarketCap fell 0.5% in the last 24 hours to $2.05 trillion. By and large, a sideways range, $2.0-$2.1 trillion, has also been prevalent here for the past seven days, marking a lull in bull and bear fighting. It remains to be seen whether this signifies fatigue from the past months' turbulent moves or preparations for a new strong momentum.

The local victory is on the bears' side, dominating the top coins now, where losses range from -0.8% for Bitcoin to -5.7% for Polkadot over the last 24 hours. 

Bitcoin failed to build on last week's upside momentum and is back in the $41-42K consolidation area, approaching it from above. A decline from these levels in the coming days will be a development of the downtrend since November, reversing the BTCUSD from the upper boundary of the downtrend channel. A bearish scenario suggests a dip towards $31K by the end of this week to close the July gap. But the door for such a decline will only open after the bulls surrender the $40K level they managed to hold in September and earlier in January.

Ether has also encountered a sell-off in its attempts to rise above $3.3K. The 200-day moving average level is now acting as significant resistance. Bitcoin and Ether, which have a combined capitalisation of almost 60% of all cryptocurrencies, show worryingly negative dynamics. At the same time, their share has been declining since late last year.

We are seeing either a shift in investor attitudes towards the sector leaders or certain inertia of altcoins compared to the flagships. Right now, it seems that crypto enthusiasts are not at all opposed to the changing landscape. However, as is often the case in nature, such changes rarely go smoothly.


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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 65.6% 74 $30 326.91 1.12% -1.69% $577 507 167 326 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 66.4% 75 $2 076.58 2.21% -10.32% $250 891 465 462 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.999001 0.01% -0.08% $75 676 462 108 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000230 -0.02% -0.04% $52 257 987 348 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 65.6% 71 $304.44 2.05% -3.10% $49 708 837 503 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 66.8% 66 $0.435585 2.31% -13.81% $21 057 536 595 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 68.8% 66 $0.575630 2.12% -8.16% $19 421 209 986 ADA 7 days price change
8 Solana (SOL) SOL Solana predictions 63.2% 76 $56.43 3.88% -13.30% $19 038 552 817 SOL 7 days price change
9 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.002005 0.22% 0.35% $18 231 060 479 BUSD 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62.4% 73 $0.089988 2.40% -16.42% $11 938 784 018 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 67.2% 74 $11.01 1.97% -0.91% $10 874 092 462 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 66.4% 75 $34.13 2.44% -22.27% $9 183 931 187 AVAX 7 days price change
13 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 67.2% 74 $30 349.83 1.15% -1.21% $8 599 743 334 WBTC 7 days price change
14 TRON (TRX) TRX TRON predictions 71.6% 60 $0.072402 4.12% -4.60% $7 070 299 328 TRX 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64.8% 75 $0.000013 4.03% -21.64% $6 883 934 346 SHIB 7 days price change

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