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 | 92% | 2 | $26 900.03 | -0.72% | 1.38% | $524 536 249 875 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 91.2% | 3 | $1 667.19 | 0.60% | 4.76% | $200 456 859 321 |  |
|
| 3 |  USDT |
Tether predictions | 91.2% | 1 | $0.999922 | -0.02% | -0.01% | $83 270 117 769 |  |
|
| 4 |  BNB |
Binance Coin predictions | 96% | 2 | $215.62 | 0.18% | 2.51% | $33 172 815 466 |  |
|
| 5 |  XRP |
XRP predictions | 89.6% | 9 | $0.534805 | 5.33% | 4.41% | $28 511 729 803 |  |
|
| 6 |  USDC |
USD Coin predictions | 91.6% | 1 | $1.000077 | -0.02% | 0% | $25 132 883 987 |  |
|
| 7 |  STETH |
Lido stETH predictions | 93.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  WTRX |
Wrapped TRON predictions | 86% | 26 | $0.088990 | 3.76% | 6.26% | $9 048 152 654 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 90.4% | 6 | $0.062031 | 1.02% | 1.05% | $8 759 443 620 |  |
|
| 10 |  ADA |
Cardano predictions | 90.4% | 7 | $0.249169 | -0.11% | 2.20% | $8 752 932 991 |  |
|
| 11 |  SOL |
Solana predictions | 86% | 18 | $20.26 | 2.83% | 4.73% | $8 363 109 994 |  |
|
| 12 |  TRX |
TRON predictions | 84.4% | 22 | $0.089512 | 3.56% | 7.38% | $7 973 262 569 |  |
|
| 13 |  TON |
Toncoin predictions | 61.2% | 84 | $2.21 | -1.95% | -4.23% | $7 568 826 083 |  |
|
| 14 |  DAI |
Dai predictions | 95.6% | 1 | $0.999857 | -0.04% | 0.06% | $5 347 122 665 |  |
|
| 15 |  DOT |
Polkadot predictions | 90.4% | 7 | $4.08 | 0.11% | 1.80% | $5 015 443 173 |  |
