Instagram will implement NFT in a couple of months, Meta founder Mark Zuckerberg said. Despite the loud statement, it should be noted that all of Zuckerberg's projects related to digital assets previously failed and did not find wide support from the digital community. The head of Meta has a good sense of trends of social networks, augmented reality or metaverses, and in the latter two, there are more and more fast-growing projects.
Meanwhile, Bitcoin is up nearly 4% over the past 24 hours to $41K. Ethereum added 4.7% to $2.75K, while Terra is out of the range, losing 0.6% in 24 hours, and other leading altcoins from the top ten add from 3.5% (XRP) to 9.8% (Avalanche).
The total capitalization of the crypto market, according to CoinMarketCap, grew by 4% over the day, to $1.82 trillion. The Bitcoin Dominance Index rose 0.2 points to 42.8%.
The crypto-currency index of fear and greed added 3 more points in a day, to 27, moving from extreme anxiety to just fear.
The FxPro Analyst Team mentioned that demand for bitcoin was supported by it rising for the second day in a row. It was helped by the strengthening of stock indices and the weakening of the dollar. On Wednesday, the US Federal Reserve raised rates by 0.25%, but the comments made by market participants seemed softer than expected, which caused the dollar to fall.
According to Glassnode, $1.2 billion worth of bitcoin was withdrawn from the Coinbase crypto exchange in just a week. This is the largest net outflow since July 2017, which signals the mood of investors for long-term storage of the asset.
Despite the positive dynamics in recent days, Bitcoin has been trading in a sideways range between $37K and $42K for almost the entire month of March, unable to choose a further direction. Since the last days of February, there has been a solid support line on the declines under $38K. And this is bullish strength, reflecting that long-term buyer interest has migrated from $30K to $38K due to inflation and geopolitical tensions. Such a migration of the level of interest to long-term buyers fully reflects the price jump, which is the actual depreciation of the value of fiat currencies.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||80.8%||26||$18 917.31||-1.02%||-4.11%||$362 463 667 283|
|2||ETH||Ethereum predictions||71.6%||54||$1 298.77||-3.27%||-6.06%||$159 129 662 025|
|3||USDT||Tether predictions||95.6%||1||$1.000070||0%||0%||$67 959 486 248|
|4||USDC||USD Coin predictions||96%||1||$1.000058||0.01%||0%||$49 596 112 733|
|5||BNB||Binance Coin predictions||88%||15||$274.90||-1.14%||0.65%||$44 352 122 648|
|6||XRP||XRP predictions||61.6%||74||$0.501984||0.54%||26.46%||$25 023 258 974|
|7||BUSD||Binance USD predictions||96%||1||$1.000777||0.03%||0.03%||$20 533 202 140|
|8||ADA||Cardano predictions||83.2%||32||$0.449897||-2.32%||-3.88%||$15 400 494 496|
|9||SOL||Solana predictions||80.8%||28||$32.71||-3.79%||0.84%||$11 601 976 269|
|10||STETH||Lido stETH predictions||95.6%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|11||DOGE||Dogecoin predictions||85.6%||14||$0.061846||-3.69%||3.13%||$8 205 146 170|
|12||DOT||Polkadot predictions||78.8%||41||$6.23||-3.04%||-8.15%||$6 984 955 644|
|13||DAI||Dai predictions||90.8%||1||$0.999539||-0.04%||-0.04%||$6 927 324 765|
|14||MATIC||Polygon predictions||73.6%||55||$0.749357||-2.69%||-5.72%||$6 545 118 739|
|15||SHIB||SHIBA INU predictions||79.2%||42||$0.000011||-3.43%||-2.78%||$6 126 642 475|
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