Bitcoin decreased by 0.6% on Wednesday, ending the day at around $36,400. Ethereum added 0.2%, while other top-ten altcoins mostly saw declines from 3.1% (Binance Coin) to 6.6% (Terra, an outsider of the day). According to CoinGecko, the total capitalization of the crypto market sank by 0.5%, to $1.73 trillion. Bitcoin showed positive dynamics all day against the backdrop of growing stock indices. Up until the Fed meeting, the first cryptocurrency was gaining over 6%, hitting 5-day highs above $38,800. However, BTC began to fall almost immediately after the announcement of the results of the Fed's two-day meeting.
The regulator announced a curtailment of bond purchases in early March, as well as an imminent rate hike, followed by a reduction in the Fed's balance sheet. The fall of bitcoin accelerated along with stock indices in half an hour when the head of the Fed, Jerome Powell, started his press conference. He noted that rising inflation could force the regulator to raise interest rates more aggressively.The first cryptocurrency may finally complete its upward correction if risky assets resume and intensify the fall after the Fed meeting.
In Russia, buyers are now engaged in the withdrawal of capital and deprive the country's economy of financing, as announced by the Bank of Russia. Last week, the regulator proposed to ban the circulation and mining of cryptocurrencies in the territory of the Russian Federation. The State Duma and the Ministry of Finance, on the contrary, are in favour of regulation, not a ban on the industry. Russian President Vladimir Putin on Wednesday urged the government and the Central Bank to come to a consensus on the regulation of cryptocurrencies.
Meanwhile, Turkish President Erdogan instructed the ruling party to study the impact of cryptocurrencies on the economy. At the same time, the US Internal Revenue Service said that non-fungible tokens (NFTs) are used for illegal activities, and celebrities are spreading this by promoting NFTs.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 64% | 76 | $23 414.18 | -0.57% | 1.32% | $451 444 140 453 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 65.6% | 64 | $1 660.60 | 0.87% | 3.91% | $203 213 799 353 | ||
3 | ![]() |
Tether predictions | 96% | 1 | $1.000139 | 0% | 0% | $68 038 057 989 | ||
4 | ![]() |
Binance Coin predictions | 81.2% | 39 | $332.21 | 2.49% | 7.92% | $52 455 756 881 | ||
5 | ![]() |
USD Coin predictions | 95.2% | 1 | $0.999870 | -0.01% | -0.02% | $41 954 575 977 | ||
6 | ![]() |
XRP predictions | 76.4% | 51 | $0.410035 | 0.05% | -0.66% | $20 829 395 994 | ||
7 | ![]() |
Binance USD predictions | 92.4% | 1 | $1.000093 | 0.02% | 0% | $16 273 786 064 | ||
8 | ![]() |
Cardano predictions | 69.2% | 69 | $0.401700 | 0.32% | 2.18% | $13 898 855 921 | ||
9 | ![]() |
Dogecoin predictions | 74% | 48 | $0.093742 | 2.62% | 6.67% | $12 436 791 556 | ||
10 | ![]() |
Polygon predictions | 68% | 64 | $1.23 | 4.02% | 7.27% | $10 780 259 861 | ||
11 | ![]() |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
12 | ![]() |
Solana predictions | 61.6% | 88 | $24.55 | 0.87% | -0.41% | $9 145 525 743 | ||
13 | ![]() |
Polkadot predictions | 64% | 74 | $6.94 | 5.67% | 5.23% | $8 000 392 092 | ||
14 | ![]() |
SHIBA INU predictions | 64% | 79 | $0.000014 | 14.51% | 18.56% | $7 679 941 030 | ||
15 | ![]() |
Litecoin predictions | 76.8% | 38 | $100.23 | 0.95% | 13.08% | $7 236 835 830 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.