Bitcoin has stopped falling but has still not managed to gain strength to rise, remaining near $20K. Ethereum remains more interesting for buyers, increasing 1.6% overnight to above $1600. Top altcoins showed mixed dynamics: from a decline of 1.3% (Dogecoin) to a rise of 2.2% (Cardano). Total crypto market capitalisation, according to CoinMarketCap, rose 0.2% overnight to $997bn. The Cryptocurrency Fear & Greed Index fell 4 points to 23 by Wednesday and moved into "extreme fear" status.
The upcoming move to proof-of-stake creates a speculative component to Ethereum's dynamics. While in the short term, after September 6, there could be a "sell-through," causing pressure on the price, in the longer term, such a transition will strengthen interest in using Ethereum for transactions, making them cheaper. This promises more interest in the coin, allowing it to remain "better than the market".
On the data analysis side, ETHUSD is trying to get back above the 50-day average, which is an informal indicator of the medium-term trend. A consolidation above $1620, like in July, could be a prolonged rally with possible targets at $2000-2200 in the nearest future. The opposite is also true. A reversal down from this level will weaken bulls, as it did in February and April, triggering a new decline towards $1000.
Some 5,000 BTCs, which have been in "hibernation" for the past 7-9 years, are on the move, said Look Into Bitcoin founder Philip Swift, citing data from the Whale Shadows indicator. Historically, such spikes in activity have preceded significant price declines.
A link has been established between the 10,000 BTC, which on August 29 went in motion for the first time since 2013, and the bankrupt cryptocurrency exchange Mt.Gox, a Telegram channel reported.
Meanwhile, the US Federal Bureau of Investigation has advised investors to be wary of investing in decentralised finance (DeFi) projects as they are too vulnerable to hacking.
Iranian authorities have approved a comprehensive law regulating cryptocurrency transactions. In particular, imports from abroad with payment in digital assets are allowed.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 91.2% | 10 | $26 880.37 | -0.11% | 2.52% | $521 207 950 673 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 90% | 5 | $1 862.41 | 0.18% | 4.02% | $223 946 300 992 | ||
3 | ![]() |
Tether predictions | 94% | 1 | $1.000168 | -0.02% | 0.03% | $83 236 325 280 | ||
4 | ![]() |
Binance Coin predictions | 96% | 1 | $304.82 | -0.27% | 0.25% | $47 508 351 019 | ||
5 | ![]() |
USD Coin predictions | 94.8% | 1 | $1.000069 | 0% | 0.02% | $28 856 163 592 | ||
6 | ![]() |
XRP predictions | 79.6% | 37 | $0.504767 | -0.22% | 12.47% | $26 239 506 800 | ||
7 | ![]() |
Cardano predictions | 92.4% | 10 | $0.364637 | -2.18% | 2.22% | $12 719 876 147 | ||
8 | ![]() |
Lido stETH predictions | 95.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
9 | ![]() |
Dogecoin predictions | 86% | 17 | $0.071674 | 0.64% | 2.29% | $10 004 786 652 | ||
10 | ![]() |
Polygon predictions | 82.4% | 35 | $0.892550 | 0.70% | 1.16% | $8 282 393 470 | ||
11 | ![]() |
Solana predictions | 82.4% | 29 | $20.68 | 0.89% | 7.46% | $8 201 498 865 | ||
12 | ![]() |
Wrapped TRON predictions | 81.6% | 37 | $0.075037 | -0.51% | -3.01% | $7 629 482 435 | ||
13 | ![]() |
Litecoin predictions | 77.6% | 37 | $94.96 | 6.81% | 12.21% | $6 936 825 862 | ||
14 | ![]() |
TRON predictions | 82.8% | 33 | $0.075005 | -0.50% | -3.12% | $6 766 858 517 | ||
15 | ![]() |
Polkadot predictions | 90.8% | 10 | $5.23 | -1.01% | -0.14% | $6 224 782 114 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.