Bitcoin
BTC$24 129.38

4.39%

Ethereum
ETH$1 804.53

5.98%

Tether
USDT$1.000145

0%

USD Coin
USDC$0.999924

0%

Binance Coin
BNB$331.99

4.39%

XRP
XRP$0.382330

2.12%

Flight of cryptocurrencies interrupted


02 Jun 2022

#Ethereum

Bitcoin collapsed 5.6% in the past 24 hours, retreating again below the $30K mark. Ethereum lost 6.1%, while leading altcoins in the top 10 fell from 5.2% (BNB) to 11.5% (Solana). Total crypto market capitalisation, according to CoinMarketCap, sank 5.3% overnight to $1.23 trillion. Bitcoin’s dominance index fell 0.2% to 46.1%. By Thursday, the cryptocurrency Fear and Greed Index was down 4 points to 13.

Bitcoin fell sharply in the US session on Wednesday, along with stock indices, following a strong ISM Manufacturing PMI release. The data raised expectations of the US Fed monetary policy tightening. A stronger dollar and reduced risk traction in stock markets interrupted BTC’s flight, which returned to the previous sideways range it had been trading since mid-May.

The Solana blockchain network suffered another disruption on Wednesday. Solana’s validators failed to process new blocks for eight hours, leading to a complete shutdown of all its applications. Executives at two Australian banks, ANZ and NAB, said they do not plan to allow their retail customers to trade crypto assets due to the high risks of losing funds.

Flight of cryptocurrencies interrupted

Heng Swee Keat, deputy prime minister of Singapore, warned retail investors against investing in cryptocurrencies, recalling the collapse of Terra and UST. Crypto-assets are very risky and need proper regulation, he said.

Following the collapse of the Terra ecosystem, the Basel Committee on Banking Supervision of the Bank for International Settlements (BIS) plans to issue a second, even more “conservative” version of its recommendations on cryptocurrency regulation.

Harvard University’s anti-digital experts have urged US lawmakers to resist the pressure of crypto investors and not make any easing of the crypto industry.


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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 75.6% 41 $24 129.38 4.39% 4.16% $461 254 701 638 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 65.6% 74 $1 804.53 5.98% 8.69% $219 936 602 750 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000145 0% -0.01% $66 486 165 109 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $0.999924 0% 0.01% $54 212 170 056 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 72.4% 61 $331.99 4.39% 16.48% $53 562 837 067 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 79.6% 40 $0.382330 2.12% 1.69% $18 483 019 171 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 74.8% 52 $0.543298 4.60% 6.44% $18 337 708 125 ADA 7 days price change
8 Binance USD (BUSD) BUSD Binance USD predictions 95.2% 1 $1.000576 0.04% 0.21% $17 888 223 823 BUSD 7 days price change
9 Solana (SOL) SOL Solana predictions 74.8% 44 $43.21 6.94% 2.89% $15 048 127 510 SOL 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 69.2% 58 $9.31 8.45% 10.51% $10 288 809 309 DOT 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 HEX (HEX) HEX HEX predictions 70% 62 $0.054472 8.20% 10.77% $9 446 016 831 HEX 7 days price change
13 Dogecoin (DOGE) DOGE Dogecoin predictions 84% 27 $0.071055 2.78% 4.16% $9 426 956 868 DOGE 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 69.2% 69 $30.28 10.86% 30.10% $8 614 953 421 AVAX 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 64% 77 $0.946930 3.64% 4.99% $7 608 398 583 MATIC 7 days price change

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