Bitcoin
BTC$26 897.71

-0.57%

Ethereum
ETH$1 860.48

-0.05%

Tether
USDT$1.000026

-0.01%

Binance Coin
BNB$304.67

-0.61%

USD Coin
USDC$0.999756

-0.01%

XRP
XRP$0.504250

-1.53%

Crypto's full swing recovery


20 Jul 2022

#Bitcoin

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.

Crypto's full swing recovery

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

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.


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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 88% 10 $26 897.71 -0.57% 2.07% $521 544 143 377 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 94.4% 5 $1 860.48 -0.05% 3.44% $223 714 819 656 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000026 -0.01% 0.03% $83 224 498 225 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 94.8% 1 $304.67 -0.61% -0.08% $47 485 262 045 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92% 1 $0.999756 -0.01% -0.01% $28 847 127 885 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 77.2% 37 $0.504250 -1.53% 11.90% $26 212 632 900 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 92% 10 $0.364572 -2.55% 1.76% $12 717 605 112 ADA 7 days price change
8 Lido stETH (STETH) STETH Lido stETH predictions 94% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 89.2% 17 $0.071692 0.74% 1.81% $10 007 347 652 DOGE 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 80% 35 $0.893847 0.39% 0.86% $8 294 424 384 MATIC 7 days price change
11 Solana (SOL) SOL Solana predictions 80% 29 $20.71 0.55% 7.01% $8 214 229 812 SOL 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 80.8% 37 $0.074826 -0.77% -3.49% $7 608 018 393 WTRX 7 days price change
13 Litecoin (LTC) LTC Litecoin predictions 77.6% 37 $94.21 5.89% 10.62% $6 881 721 612 LTC 7 days price change
14 TRON (TRX) TRX TRON predictions 78.4% 33 $0.074853 -0.76% -3.71% $6 753 192 726 TRX 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 87.2% 11 $5.23 -1.35% -0.75% $6 224 984 176 DOT 7 days price change

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