Bitcoin
BTC$27 060.57

2.57%

Ethereum
ETH$1 675.53

3.68%

Tether
USDT$1.000845

0.16%

Binance Coin
BNB$216.29

1.61%

XRP
XRP$0.508986

2.05%

USD Coin
USDC$1.000627

0.06%

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 90.8% 2 $27 060.57 2.57% 1.46% $527 654 007 369 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90% 5 $1 675.53 3.68% 4.95% $201 459 487 311 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $1.000845 0.16% 0.08% $83 346 901 195 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.6% 4 $216.29 1.61% 2.38% $33 275 819 779 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 92.4% 9 $0.508986 2.05% -0.02% $27 135 264 539 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000627 0.06% 0.04% $25 546 311 582 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 82.8% 24 $0.088277 4.40% 6.03% $8 975 631 926 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 94.4% 6 $0.252515 3.14% 2.93% $8 870 464 805 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 91.2% 4 $0.061846 1.83% 0.18% $8 732 826 301 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 88.8% 20 $20.21 5.47% 2.45% $8 344 217 667 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 82.8% 22 $0.088719 4.86% 6.27% $7 903 170 455 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 62.8% 84 $2.23 2.50% -3.09% $7 667 083 649 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 95.6% 1 $0.999875 0.01% 0.01% $5 347 220 318 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 90.8% 7 $4.10 1.87% 1.81% $5 032 931 540 DOT 7 days price change

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