Crypto's full swing recovery
Bitcoin jumped 8.5% to $23,300 on Tuesday, showing a 20.8% gain over the last seven days. Ethereum is trading around $1570 on Wednesday morning, adding 3.4% in 24 hours and an impressive 49% for the week.
The top altcoins are also rising nicely, adding between 3.9% (Polygon) and 11% (Cardano) for the day. Total crypto market capitalisation, according to CoinMarketCap, rose 4.7% overnight to $1067bn. Bitcoin on Tuesday posted its highest gains in a month on the back of a rebound in US stock indices and a weaker dollar.
BTC has tested the highs since June 13 near $23,700, and on Wednesday, it is trying to consolidate above its 50-day moving average. The dynamics near that line often acted as a reliable medium-term trend indicator.
Only a strong buy above this level can serve as a firm reversal indicator in the next few days. If the upside momentum stalls, as it did in February and March this year, we should be prepared for a sharp increase in selling. BTCUSD also exceeded the 200-week average during the last growth wave but fixing above this level at the end of the week should be considered a reliable signal.
The cryptocurrency Fear & Greed Index climbed to 31 by Wednesday after more than two months in "extreme fear" territory. After waves of capitulation in May-June 2022, bitcoin quotes have been below the realised price for a month now. Other signals of a potential bottom forming have also emerged, Glassnode notes. CryptoQuant, the research firm, has warned investors that further sales of BTC miners in a falling market could return pressure on prices.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 89.2% | 8 | $37 097.04 | -0.82% | -0.64% | $725 437 085 348 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76% | 49 | $2 019.04 | -1.45% | 0.43% | $242 776 798 446 |  |
|
| 3 |  USDT |
Tether predictions | 93.2% | 1 | $1.000111 | -0.01% | -0.02% | $88 908 727 469 |  |
|
| 4 |  BNB |
Binance Coin predictions | 81.6% | 28 | $227.76 | -0.55% | -12.18% | $34 550 632 059 |  |
|
| 5 |  XRP |
XRP predictions | 76.8% | 42 | $0.603348 | -0.85% | -1.91% | $32 470 391 190 |  |
|
| 6 |  USDC |
USD Coin predictions | 94% | 1 | $1.000026 | 0% | 0.01% | $24 454 222 190 |  |
|
| 7 |  SOL |
Solana predictions | 56.8% | 87 | $55.65 | -0.84% | -2.04% | $23 564 558 713 |  |
|
| 8 |  ADA |
Cardano predictions | 70% | 62 | $0.373728 | -3.13% | -2.52% | $13 191 951 930 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 75.2% | 48 | $0.077436 | -3.25% | 0.32% | $10 996 813 709 |  |
|
| 10 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  TRX |
TRON predictions | 81.2% | 27 | $0.101882 | -3.96% | 0.25% | $9 022 656 866 |  |
|
| 12 |  WTRX |
Wrapped TRON predictions | 82% | 30 | $0.101336 | -4.78% | 0.31% | $8 974 267 655 |  |
|
| 13 |  TON |
Toncoin predictions | 80% | 31 | $2.45 | 3.78% | 5.17% | $8 403 396 761 |  |
|
| 14 |  LINK |
Chainlink predictions | 63.6% | 69 | $14.12 | -2.71% | -0.92% | $7 863 012 004 |  |
|
| 15 |  AVAX |
Avalanche predictions | 57.6% | 86 | $19.93 | -3.53% | -5.56% | $7 275 106 541 |  |
