Financiers: BTC could hit $50,000
The momentum of pressure on the crypto market was due to the decline in stock indices, as the Fed gave signals of tightening policy. Technical factors also contributed to the negative dynamics - the inability to overcome the strong resistance of the 100-day moving average and mid-February highs around $45,000.
Real Vision CEO Raul Pal believes that the dynamics of bitcoin against the backdrop of foreign political tensions in the world signals the onset of a bullish trend. According to Nigel Green, CEO of deVere Group, one of the world's leading independent financial institutions, BTC could reach $50,000 by the end of March. Billionaire investor Bill Miller said that the Russian authorities can use BTC as a reserve currency.
Earlier, the US authorities called on crypto exchanges to prevent Russia from circumventing sanctions. Meanwhile, the Bank of Russia did not begin to soften its attitude towards bitcoin against the backdrop of sanctions and still advocates a complete ban on the circulation and mining of cryptocurrencies.
Bitcoin is developing a correction, losing 4.5% over the past day to $41.4K. Methodical pressure on the first cryptocurrency was formed on Wednesday evening after a short break above $45K. Ethereum fell by 6.2%, other leading altcoins from the top ten sank from 2.8% (BNB) to 7.8% (Solana).
The total capitalization of the crypto market, according to CoinMarketCap, decreased by 3.7% over the day, to $1.83 trillion. The Bitcoin Dominance Index sank 0.2 points to 42.9%. The Bitcoin Fear and Greed Index dropped another 6 points to 33 - fear.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 72.4% | 50 | $60 767.97 | -0.67% | -5.64% | $1 200 915 949 163 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 79.6% | 42 | $2 352.24 | -4.23% | -10.46% | $283 142 337 585 |  |
|
| 3 |  USDT |
Tether predictions | 94% | 1 | $0.999782 | 0% | -0.01% | $119 614 477 239 |  |
|
| 4 |  BNB |
Binance Coin predictions | 74% | 52 | $538.45 | -1.52% | -9.60% | $78 577 795 832 |  |
|
| 5 |  SOL |
Solana predictions | 72% | 55 | $137.00 | -6.20% | -10.33% | $64 181 728 618 |  |
|
| 6 |  USDC |
USD Coin predictions | 92.4% | 1 | $0.999902 | 0% | -0.01% | $35 573 175 119 |  |
|
| 7 |  XRP |
XRP predictions | 80.4% | 31 | $0.517725 | -11.59% | -12.24% | $29 284 596 054 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 78% | 42 | $0.104163 | -2.03% | -8.46% | $15 229 968 359 |  |
|
| 9 |  TRX |
TRON predictions | 93.6% | 1 | $0.153886 | -0.05% | 1.00% | $13 325 922 954 |  |
|
| 10 |  TON |
Toncoin predictions | 73.2% | 49 | $5.23 | -3.49% | -10.28% | $13 254 866 876 |  |
|
| 11 |  ADA |
Cardano predictions | 75.6% | 45 | $0.339955 | -3.17% | -14.40% | $11 883 622 529 |  |
|
| 12 |  STETH |
Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 13 |  WTRX |
Wrapped TRON predictions | 90.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 92% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |  |
|
| 15 |  AVAX |
Avalanche predictions | 63.2% | 73 | $24.72 | -4.98% | -12.35% | $10 045 091 794 |  |
