Bitcoin
BTC$26 578.13

1.46%

Ethereum
ETH$1 851.65

1.45%

Tether
USDT$1.000135

0.02%

Binance Coin
BNB$263.30

1.73%

USD Coin
USDC$0.999980

0.01%

XRP
XRP$0.525411

1.38%

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 93.2% 3 $26 578.13 1.46% -1.21% $515 523 852 307 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90.8% 1 $1 851.65 1.45% -0.94% $222 625 164 413 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $1.000135 0.02% 0% $83 312 701 560 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 90.4% 11 $263.30 1.73% -13.80% $41 036 442 955 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $0.999980 0.01% 0.03% $28 439 686 561 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 70% 56 $0.525411 1.38% 3.20% $27 314 551 970 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 92.4% 7 $0.323589 0.63% -11.72% $11 293 739 388 ADA 7 days price change
8 Lido stETH (STETH) STETH Lido stETH predictions 92% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 90.4% 8 $0.067802 1.05% -5.51% $9 471 068 578 DOGE 7 days price change
10 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 71.2% 51 $0.077563 0.87% 3.14% $7 886 264 204 WTRX 7 days price change
11 Solana (SOL) SOL Solana predictions 84.8% 16 $18.90 1.09% -8.24% $7 526 603 562 SOL 7 days price change
12 Polygon (MATIC) MATIC Polygon predictions 89.2% 16 $0.780049 1.87% -12.35% $7 246 243 263 MATIC 7 days price change
13 TRON (TRX) TRX TRON predictions 74.8% 49 $0.077629 1.27% 3.65% $6 997 511 849 TRX 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 81.6% 38 $88.46 -0.35% -6.33% $6 466 841 922 LTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 94% 6 $5.03 0.42% -3.75% $5 993 939 800 DOT 7 days price change

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