Bitcoin
BTC$28 464.06

-0.08%

Ethereum
ETH$1 821.21

-0.06%

Tether
USDT$1.000305

0.01%

Binance Coin
BNB$314.89

-0.67%

USD Coin
USDC$0.999802

0%

XRP
XRP$0.509747

-5.31%

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 59.2% 82 $28 464.06 -0.08% 3.56% $550 339 428 246 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 70.8% 64 $1 821.21 -0.06% 4.47% $219 378 604 902 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000305 0.01% -0.04% $79 718 134 880 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 73.6% 55 $314.89 -0.67% -2.40% $49 718 142 531 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 96% 2 $0.999802 0% 0.02% $32 521 009 846 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 62% 86 $0.509747 -5.31% 14.63% $26 342 796 029 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 66.4% 68 $0.079425 -10.16% -5.23% $13 773 256 366 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74% 46 $0.393356 -1.40% 11.74% $13 666 228 073 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 82.8% 24 $0.081783 6.05% 10.46% $11 348 676 475 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 93.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 81.6% 26 $1.11 -0.66% 3.06% $10 094 693 708 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 80.4% 36 $21.08 -0.47% 3.15% $8 130 513 636 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 93.2% 1 $0.999558 -0.01% 0% $7 553 845 647 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 85.2% 27 $6.35 0.08% 7.44% $7 438 756 957 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 73.6% 51 $92.65 3.29% 1.22% $6 727 455 612 LTC 7 days price change

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