Bitcoin
BTC$17 036.85

0.07%

Ethereum
ETH$1 263.24

-0.10%

Tether
USDT$1.000067

0%

Binance Coin
BNB$288.85

-0.25%

USD Coin
USDC$0.999980

0.01%

Binance USD
BUSD$0.999875

-0.03%

Ethereum is trading near $1300


13 Oct 2022

#Ethereum

Bitcoin changed little over the day, remaining near $19.1K as the external outlook turned bleak, but there was no positive change either. Ethereum is trading near $1300, but the top altcoins are mostly down, losing between 0.2% (Tron) and 5% (Cardano). By Thursday, the cryptocurrency fear and greed index was unchanged at 20 points ("extreme fear"). The total capitalisation of the crypto market fell by 0.7% to $915bn overnight.

There is a lot of press attention on the US inflation data coming out today, which could determine the Fed's next move. This wait-and-see attitude leaves BTCUSD near the lower end of the trading range, from where we could see an explosion of volatility in either direction.

A sharp rise from current levels would dramatically increase the chances that the cryptocurrency bottom has already been passed in June. A step down from current levels could kick-start a decline into the $12-14K area.

News background

Arcane Research has warned that the ratio of Open Interest (OI) in bitcoin and Ethereum futures and perpetual contracts to their capitalisation indicated a likely sharp increase in volatility in the crypto market. Major investment bank JPMorgan and payment processor Visa has announced the integration of blockchain solutions Liink and B2B Connect for fast international payments. Blockchain could make transactions fast and cheap and even compete with the SWIFT interbank payment system.

The island nation of Dominica in the Caribbean Sea has adopted Tron cryptocurrency as a legal tender in the country.

Lastly, the head of the Commodity Futures Trading Commission (CFTC), Rostin Benham, expressed his belief that bitcoin and Ethereum are commodities and warned the crypto industry that regulation is inevitable.


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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 87.6% 17 $17 036.85 0.07% 0.92% $327 556 756 832 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 85.6% 28 $1 263.24 -0.10% -0.28% $154 587 986 288 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000067 0% 0.03% $65 689 611 763 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 76.8% 44 $288.85 -0.25% -2.64% $46 207 469 148 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $0.999980 0.01% 0% $43 034 408 184 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 91.6% 1 $0.999875 -0.03% 0.01% $22 097 327 307 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 84.8% 29 $0.385676 0.09% -4.09% $19 384 234 023 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 64% 73 $0.099825 -2.40% -6.11% $13 243 856 158 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 82.4% 30 $0.317492 -0.81% 1.31% $10 940 552 708 ADA 7 days price change
10 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
11 Polygon (MATIC) MATIC Polygon predictions 75.2% 52 $0.910821 -0.40% 5.98% $7 955 397 260 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 77.2% 37 $5.47 -0.50% 1.57% $6 265 062 095 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 95.6% 1 $0.999729 0.04% 0% $5 876 957 032 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 59.2% 85 $79.31 -2.60% 1.08% $5 692 408 178 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 82.8% 30 $0.053505 0.53% -0.76% $5 440 190 613 WTRX 7 days price change

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