Bitcoin
BTC$26 889.42

1.99%

Ethereum
ETH$1 650.74

2.84%

Tether
USDT$0.999955

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2.17%

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0%

El Salvador may abandon Bitcoin


26 Jan 2022

#Bitcoin

Bitcoin decreased 0.6% on Tuesday, ending the day around $36,600 while Ethereum lost 1.1%. Other leading altcoins from the top ten showed mixed dynamics: from a 7.4% decline of Terra to a 2.3% rise of Polkadot. According to CoinGecko, the total capitalization of the crypto market sank 1.1% to $1.74 trillion over the past day. In total, the crypto market broke the recent days' decline after bitcoin hit lows of the last six months on Monday, dropping below $33,000. This was followed by a sharp rebound upwards to $37,500. The US market was the reason.

Throughout January, stocks are falling in anticipation of the Fed's monetary policy tightening. The decline in risky assets also had a negative impact on bitcoin, which has already lost about 20% since the beginning of the month. A correlation between the benchmark cryptocurrency and Nasdaq has reached a new all-time high, according to Bloomberg.

On Wednesday, all the attention will be riveted to the FOMC meeting. If the regulator tightens its rhetoric and announces the upcoming rate hike as early as March, all risky assets, including cryptocurrencies, could suffer significantly.

Meanwhile, the International Monetary Fund (IMF) has urged El Salvador to move away from bitcoin as a legal currency. MicroStrategy has stated that it would continue to buy BTC despite its decline in recent months. Its worth noting that a week ago, crypto funds recorded the first inflow of funds into their assets in the last six weeks.


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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 95.6% 2 $26 889.42 1.99% 1.21% $524 310 325 162 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90.8% 5 $1 650.74 2.84% 3.91% $198 478 152 971 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $0.999955 0.08% 0% $83 272 842 471 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 92% 4 $214.70 1.20% 1.50% $33 030 424 118 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 88.4% 9 $0.510427 2.17% 0.06% $27 212 086 699 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.000039 0% 0.01% $25 590 467 629 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 95.6% 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 84.4% 24 $0.088655 3.98% 6.67% $9 014 096 765 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 92.4% 6 $0.250264 2.34% 2.20% $8 791 380 177 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 93.6% 5 $0.061430 1.36% -0.17% $8 673 848 320 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 87.2% 20 $20.19 4.78% 3.31% $8 336 099 498 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 87.2% 22 $0.087251 2.02% 4.97% $7 772 636 407 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 59.2% 84 $2.21 3.04% -4.14% $7 584 120 041 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 93.2% 1 $0.999735 -0.01% 0.01% $5 346 471 546 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 88.4% 7 $4.07 1.85% 1.21% $5 003 217 488 DOT 7 days price change

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