Bitcoin
BTC$64 236.27

-3.80%

Ethereum
ETH$3 158.67

-3.04%

Tether
USDT$0.999852

-0.02%

Binance Coin
BNB$606.93

0.03%

Solana
SOL$147.73

-6.78%

USD Coin
USDC$1.000087

0.01%

FOMC helped Cryptos to hold important levels


16 Dec 2021

#Bitcoin

Over the past 24 hours, total crypto market capitalisation rose by 2.1% to $2.24 trillion, recovering to the levels at the start of the week. Yesterday, the figure was close to the $2.0 trillion mark, but demand for risk assets recovery supported cryptos, providing around a 12% rise from the bottom to peak in the following four hours. On balance, the cryptocurrency fear and greed index reclaimed another point, rising to 29.

The bulls seem to be putting in the necessary minimum effort to keep the positive picture on the charts of the major cryptocurrencies. But there isn’t much more to do now. Bitcoin is up 1.2% in the last 24 hours, trading at $48.7K. The bulls managed to push BTCUSD into the area above the 200-day moving average but are not getting away from it.

Etherereum is adding 3.5%, clinging to the $4K. The strong market reaction after the FOMC pushed ETHUSD above this round level, but we saw some selling pressure in the morning. Short-term traders should closely watch whether the former support has turned into resistance.

The pair of major cryptocurrencies appear to have been supported by a general increase in risk appetite in the markets following the FOMC announcements. However, investors should keep in mind that this upward move in traditional financial markets was more of a “buy the rumours, sell the facts” style reaction. Fundamentally, news about the faster QE tapering and greater willingness to raise rates has already been priced in during previous weeks.

But at the same time, long-term investors should not lose sight of the natural tightening of financial conditions because of these moves, which will slowly but persistently reduce demand for risky assets. The main risk for the crypto market is that we have seen a monetary regime switch in the last couple of months, which promises to take some of the demand for crypto away.


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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 84.4% 25 $64 236.27 -3.80% 4.75% $1 264 805 139 574 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.2% 49 $3 158.67 -3.04% 5.31% $385 509 306 079 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $0.999852 -0.02% -0.04% $110 447 216 461 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 88.4% 18 $606.93 0.03% 10.61% $89 575 802 259 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 67.6% 71 $147.73 -6.78% 10.27% $66 040 427 220 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 93.6% 2 $1.000087 0.01% 0.02% $33 443 613 205 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 66.8% 62 $0.527628 -4.06% 6.49% $29 087 702 292 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 70.4% 60 $0.151351 -6.56% 2.44% $21 798 428 537 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 65.2% 66 $5.53 -4.40% -9.19% $19 201 948 482 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 65.2% 72 $0.476617 -6.22% 5.71% $16 983 732 684 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 61.2% 82 $0.000025 -7.12% 14.30% $14 877 091 584 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 68% 66 $35.76 -9.52% 3.68% $13 516 558 275 AVAX 7 days price change
13 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 71.2% 64 $6.96 -6.08% 4.48% $10 002 091 467 DOT 7 days price change
15 TRON (TRX) TRX TRON predictions 84.8% 21 $0.114080 0.56% 3.81% $9 990 510 318 TRX 7 days price change

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