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 | 64.8% | 78 | $22 855.29 | -3.86% | -0.53% | $440 592 629 611 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 63.2% | 83 | $1 571.05 | -4.53% | -3.62% | $192 254 948 671 |  |
|
| 3 |  USDT |
Tether predictions | 91.6% | 1 | $1.000106 | 0% | -0.01% | $67 818 518 303 |  |
|
| 4 |  BNB |
Binance Coin predictions | 69.2% | 62 | $307.09 | -3.92% | 0.39% | $48 489 817 539 |  |
|
| 5 |  USDC |
USD Coin predictions | 92.4% | 1 | $1.000146 | 0.02% | 0.02% | $42 719 163 166 |  |
|
| 6 |  XRP |
XRP predictions | 66% | 65 | $0.392404 | -6.64% | -7.29% | $19 935 533 079 |  |
|
| 7 |  BUSD |
Binance USD predictions | 96% | 1 | $1.000168 | 0% | 0.01% | $15 734 836 580 |  |
|
| 8 |  ADA |
Cardano predictions | 64% | 72 | $0.371921 | -6.16% | -1.30% | $12 866 103 968 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 70% | 64 | $0.089441 | -1.18% | 0.71% | $11 866 270 466 |  |
|
| 10 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 67.2% | 74 | $1.092517 | -6.94% | 9.99% | $9 542 387 704 |  |
|
| 12 |  SOL |
Solana predictions | 56.4% | 94 | $23.92 | -8.74% | -1.24% | $8 889 597 245 |  |
|
| 13 |  DOT |
Polkadot predictions | 58.8% | 81 | $6.21 | -6.54% | -5.75% | $7 150 468 683 |  |
|
| 14 |  LTC |
Litecoin predictions | 69.6% | 55 | $93.29 | -1.81% | 3.12% | $6 732 701 641 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 64.4% | 80 | $0.000012 | -4.57% | -3.85% | $6 339 026 139 |  |
