Bitcoin
BTC$37 097.04

-0.82%

Ethereum
ETH$2 019.04

-1.45%

Tether
USDT$1.000111

-0.01%

Binance Coin
BNB$227.76

-0.55%

XRP
XRP$0.603348

-0.85%

USD Coin
USDC$1.000026

0%

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 89.2% 8 $37 097.04 -0.82% -0.64% $725 437 085 348 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 76% 49 $2 019.04 -1.45% 0.43% $242 776 798 446 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000111 -0.01% -0.02% $88 908 727 469 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 81.6% 28 $227.76 -0.55% -12.18% $34 550 632 059 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 76.8% 42 $0.603348 -0.85% -1.91% $32 470 391 190 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94% 1 $1.000026 0% 0.01% $24 454 222 190 USDC 7 days price change
7 Solana (SOL) SOL Solana predictions 56.8% 87 $55.65 -0.84% -2.04% $23 564 558 713 SOL 7 days price change
8 Cardano (ADA) ADA Cardano predictions 70% 62 $0.373728 -3.13% -2.52% $13 191 951 930 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 75.2% 48 $0.077436 -3.25% 0.32% $10 996 813 709 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 90.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 81.2% 27 $0.101882 -3.96% 0.25% $9 022 656 866 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 82% 30 $0.101336 -4.78% 0.31% $8 974 267 655 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 80% 31 $2.45 3.78% 5.17% $8 403 396 761 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 63.6% 69 $14.12 -2.71% -0.92% $7 863 012 004 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 57.6% 86 $19.93 -3.53% -5.56% $7 275 106 541 AVAX 7 days price change

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