Bitcoin
BTC$37 887.42

2.19%

Ethereum
ETH$2 050.06

1.43%

Tether
USDT$1.000301

0.03%

Binance Coin
BNB$229.58

1.34%

XRP
XRP$0.611178

1.60%

USD Coin
USDC$0.999723

-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.


Related

Crypto may be ready for a new leg down
Crypto may be ready for a new leg down
Cryptocurrencies wait for a signal
Cryptocurrencies wait for a signal
What are dynamic NFTs?: Use cases and examples
What are dynamic NFTs?: Use cases and examples
Shanghai Upgrade Fires Up ETH and Altcoins
Shanghai Upgrade Fires Up ETH and Altcoins
Challenges of data accessibility in the NFT market
Challenges of data accessibility in the NFT market
Is the A.I. revolution about to pump Nvidia stocks?
Is the A.I. revolution about to pump Nvidia stocks?
Five tips for investing during a global recession
Five tips for investing during a global recession
What is NFT ticketing and how does it work?
What is NFT ticketing and how does it work?
The crypto market is cheaper than a trillion again
The crypto market is cheaper than a trillion again

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 93.6% 7 $37 887.42 2.19% 4.10% $740 914 703 934 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.2% 40 $2 050.06 1.43% 5.57% $246 506 860 729 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000301 0.03% 0% $88 925 672 826 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 83.2% 27 $229.58 1.34% 0.61% $34 826 645 047 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 77.6% 39 $0.611178 1.60% 5.44% $32 891 765 662 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92% 1 $0.999723 -0.03% -0.01% $24 527 694 579 USDC 7 days price change
7 Solana (SOL) SOL Solana predictions 63.2% 84 $57.87 5.81% 12.26% $24 503 935 560 SOL 7 days price change
8 Cardano (ADA) ADA Cardano predictions 70.4% 57 $0.384113 2.50% 6.35% $13 558 501 012 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 76.8% 44 $0.080192 2.84% 12.17% $11 388 879 677 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 86.4% 26 $0.103213 1.12% 7.03% $9 139 931 162 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 83.6% 27 $0.102906 0.58% 6.65% $9 112 741 438 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 84% 29 $2.45 0.16% 5.46% $8 405 695 668 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 68% 66 $14.48 2.92% 6.94% $8 065 328 705 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 59.6% 84 $20.54 1.70% 7.11% $7 497 665 518 AVAX 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

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.