Bitcoin
BTC$24 167.69

4.37%

Ethereum
ETH$1 802.06

5.66%

Tether
USDT$1.000165

0%

USD Coin
USDC$0.999821

-0.01%

Binance Coin
BNB$329.34

3.41%

XRP
XRP$0.383652

2.43%

Europe will not ban bitcoin mining


03 Mar 2022

#Bitcoin

Bitcoin slowed down ahead of strong mid-February resistance at $45,000, which then turned the move down. The first cryptocurrency in recent days has not paid too much attention to stock indices, which rose on Wednesday. The technical picture continues to point to a break in the downtrend, although to confirm the reversal, the rate must first fix above 45K.

It must be said that bitcoin trading volumes have increased markedly in the last week. On February 28th BTC jumped by 11%, showing the highest growth in many months.

In the EU, it was previously discussed that since Bitcoin and Ethereum use the Proof-of-Work consensus mechanism, which consumes a lot of electricity and has a negative impact on the environment, it's time to ban the mining of these cryptocurrencies.

However, it was decided to abandon this idea following the new version of the bill on digital assets. Technically, Bitcoin slowed down on Wednesday after two days of active strengthening, and on Thursday morning, it rolled back to 43.1K, losing 2.2% in the last 24 hours. Ethereum is down 3.3% 0.6% in the same period. Leading altcoins from the top ten lose from 1% (Terra, XRP) to more than 5% (Avalanche).

The total capitalization of the crypto market, according to CoinMarketCap, decreased by 2.5% to $1.09 trillion. The Bitcoin Dominance Index is hovering around 43.1%. The Cryptocurrency Fear and Greed Index fell 13 points to 29, once again ending up in the fear zone.


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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 76.4% 40 $24 167.69 4.37% 4.06% $461 986 960 625 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 67.2% 74 $1 802.06 5.66% 8.25% $219 634 900 920 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000165 0% -0.01% $66 487 517 659 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $0.999821 -0.01% -0.03% $54 206 596 633 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 67.6% 61 $329.34 3.41% 15.25% $53 134 575 557 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 80.8% 40 $0.383652 2.43% 1.91% $18 546 934 260 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 71.2% 51 $0.544197 4.81% 6.15% $18 368 049 848 ADA 7 days price change
8 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $1.000037 0.03% 0.14% $17 878 592 729 BUSD 7 days price change
9 Solana (SOL) SOL Solana predictions 74% 44 $43.13 6.71% 2.19% $15 022 313 319 SOL 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 72.8% 58 $9.34 8.65% 10.04% $10 316 601 052 DOT 7 days price change
11 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
12 Dogecoin (DOGE) DOGE Dogecoin predictions 84.8% 27 $0.071327 3.16% 3.99% $9 462 957 069 DOGE 7 days price change
13 HEX (HEX) HEX HEX predictions 66.4% 62 $0.054029 7.13% 11.76% $9 369 148 526 HEX 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 66.4% 69 $29.72 6.82% 27.01% $8 455 261 736 AVAX 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 65.6% 77 $0.944750 3.46% 3.94% $7 590 881 808 MATIC 7 days price change

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