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 | 61.2% | 80 | $30 508.12 | 1.26% | -1.89% | $580 960 193 914 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 61.6% | 79 | $2 093.04 | 2.32% | -11.39% | $252 881 782 711 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.998966 | 0.01% | -0.09% | $74 132 298 378 |  |
|
| 4 |  USDC |
USD Coin predictions | 96% | 1 | $1.000154 | -0.02% | 0.03% | $52 257 397 746 |  |
|
| 5 |  BNB |
Binance Coin predictions | 59.6% | 79 | $306.44 | 1.60% | -4.39% | $50 035 144 123 |  |
|
| 6 |  XRP |
XRP predictions | 65.6% | 70 | $0.439088 | 2.06% | -15.23% | $21 226 851 531 |  |
|
| 7 |  ADA |
Cardano predictions | 68.4% | 70 | $0.576828 | 2.14% | -8.94% | $19 508 461 980 |  |
|
| 8 |  SOL |
Solana predictions | 62.4% | 80 | $57.33 | 4.48% | -15.31% | $19 341 508 411 |  |
|
| 9 |  BUSD |
Binance USD predictions | 96% | 1 | $1.002166 | 0.04% | 0.04% | $18 233 995 659 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 62% | 80 | $0.090315 | 1.22% | -17.60% | $11 982 202 523 |  |
|
| 11 |  DOT |
Polkadot predictions | 64% | 77 | $11.07 | 1.94% | -3.93% | $10 927 928 134 |  |
|
| 12 |  AVAX |
Avalanche predictions | 63.2% | 78 | $34.86 | 4.21% | -23.49% | $9 380 362 142 |  |
|
| 13 |  WBTC |
Wrapped Bitcoin predictions | 61.2% | 80 | $30 511.34 | 1.34% | -2.03% | $8 645 506 751 |  |
|
| 14 |  TRX |
TRON predictions | 72.4% | 60 | $0.072411 | 3.63% | -6.41% | $7 071 146 113 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 60.4% | 78 | $0.000013 | 2.45% | -24.21% | $6 898 547 303 |  |
