Bitcoin is down 3.6% over the past week, ending near $29,900. Ethereum lost 5.8%, while other leading altcoins in the top 10 fell from 5.4% (XRP) to 9.2% (Cardano). The exception was Binance Coin (+3.3%). According to CoinMarketCap, the total capitalisation of the crypto market has changed little over the past seven days at 1.29 trillion, as the decline at the beginning of the last week was largely reversed by its end.
By Monday, the cryptocurrency fear and greed index is down 4 points to 10. Bitcoin has declined for seven consecutive weeks amid a sell-off in stock markets. Bitcoin is in its 13th day of trading through the $30K level.
Over the weekend, we saw almost traditional buying by retail investors, but their strength only allowed them to bounce back from Friday's losses. If we look at Bitcoin as a leading indicator of risk demand rather than tailing off moves in the S&P500 or Nasdaq, we may well be in a situation where the tail rules the dog. Galaxy Digital CEO Mike Novogratz said that the altcoin market will collapse by another 70% with US Fed policy and a bearish trend.
Microsoft co-founder Bill Gates said he only invests in assets that "deliver returns". In his view, cryptocurrencies do not fall into that category. Billy Marcus, one of the creators of Dogecoin, said the cryptocurrency market is a mix of unhealthy optimism, FOMO, panic, scams, gambling, and widespread stupidity. He said he has not been involved in the DOGE project for more than 7.5 years but describes himself as a coin supporter.
ECB head Christine Lagarde said that, unlike central bank digital currencies, cryptocurrencies have no value and are not based on anything. A group of G7 finance ministers pointed to the importance of accelerated legislation to regulate digital assets following the collapse of the UST stable coin and LUNA cryptocurrency.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 89.2% | 8 | $36 947.77 | -1.06% | -1.21% | $722 517 987 780 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 76% | 49 | $2 006.98 | -1.94% | -0.25% | $241 327 503 957 | ||
3 | ![]() |
Tether predictions | 93.2% | 1 | $1.000106 | -0.01% | -0.03% | $88 908 308 061 | ||
4 | ![]() |
Binance Coin predictions | 81.6% | 28 | $225.88 | -1.16% | -13.20% | $34 266 144 454 | ||
5 | ![]() |
XRP predictions | 76.8% | 42 | $0.599360 | -0.94% | -1.73% | $32 255 761 880 | ||
6 | ![]() |
USD Coin predictions | 94% | 1 | $0.999945 | 0% | 0.02% | $24 452 239 909 | ||
7 | ![]() |
Solana predictions | 56.8% | 87 | $54.93 | -1.57% | -2.13% | $23 259 800 805 | ||
8 | ![]() |
Cardano predictions | 70% | 62 | $0.370958 | -3.20% | -3.22% | $13 094 166 560 | ||
9 | ![]() |
Dogecoin predictions | 75.2% | 48 | $0.077136 | -4.06% | 0.31% | $10 954 291 481 | ||
10 | ![]() |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
11 | ![]() |
TRON predictions | 81.2% | 27 | $0.101641 | -4.10% | 0.18% | $9 001 259 365 | ||
12 | ![]() |
Wrapped TRON predictions | 82% | 30 | $0.101320 | -4.87% | 0.51% | $8 972 888 283 | ||
13 | ![]() |
Toncoin predictions | 80% | 31 | $2.43 | 2.70% | 4.28% | $8 334 169 287 | ||
14 | ![]() |
Chainlink predictions | 63.6% | 69 | $13.97 | -3.35% | -1.89% | $7 781 668 263 | ||
15 | ![]() |
Avalanche predictions | 57.6% | 86 | $19.69 | -3.93% | -5.98% | $7 187 470 859 |
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.