Bitcoin
BTC$18 917.31

-1.02%

Ethereum
ETH$1 298.77

-3.27%

Tether
USDT$1.000070

0%

USD Coin
USDC$1.000058

0.01%

Binance Coin
BNB$274.90

-1.14%

XRP
XRP$0.501984

0.54%

Luna Foundation bought $1B in Bitcoin


28 Mar 2022

#Bitcoin

Bitcoin rose 9.1% over the past week, ending it around $46,100. Ethereum added 9.5%, while other leading altcoins from the top ten rose in price from 3.2% (XRP) to 27.4% (Cardano). The exception was Terra (-0.4%). According to CoinGecko, the total capitalization of the crypto market increased by 9.9% in a week, to $2.14 trillion. The Bitcoin Dominance Index added 0.2% to 40.6%.

The Cryptocurrency Fear and Greed Index rose 18 points in a week to 49 and moved from "fear" to neutral.

Bitcoin rose for the second week in a row against the backdrop of strengthening stock indices. On Sunday, BTC broke through strong resistance around $45,000, which reversed its downward movement several times in February and early March. The technical picture favors further gains as Bitcoin climbed above the 100-day moving average (MA) for the first time since early December and heads towards the 200-day MA ($48,200).

Luna Foundation bought $1B in Bitcoin

Cryptos found new drivers for the growth

The FxPro analyst team mentioned a possible driver of the uptrend in BTC are rumors about the intentions of the non-profit organization Luna Foundation Guard (LFG) to invest in bitcoin. On March 27, it became known that LFG bought more than $1.1 billion worth of coins to ensure the stability of the Terra USD (UST) algorithmic stablecoin.

The best dynamics among altcoins was demonstrated by Cardano against the backdrop of the announcement of ADA staking by Coinbase crypto exchange.

Meanwhile, well-known crypto critic Peter Schiff again criticized the cryptocurrency, comparing it to a financial bubble and calling it stupid for people to save their savings from inflation by buying BTC. According to Schiff, cryptocurrencies have no real value and are backed by people's trust in the same way as fiat currency.


Related

The crypto market has taken a hiatus from the sell-off
The crypto market has taken a hiatus from the sell-off
Crypto bears confirmed their strength
Crypto bears confirmed their strength
The crypto market has taken a step up but has not yet fly
The crypto market has taken a step up but has not yet fly
Cryptocurrencies: Main Week of the Calendar
Cryptocurrencies: Main Week of the Calendar
Is Bitcoin heading to $15K? Why are the markets suddenly pulling back?
Is Bitcoin heading to $15K? Why are the markets suddenly pulling back?
Crypto market's fragile stability
Crypto market's fragile stability
Bugatti Sports Car for 1 BTC: a Pipe Dream or Reality?
Bugatti Sports Car for 1 BTC: a Pipe Dream or Reality?
The crypto market tests the strength of buyers
The crypto market tests the strength of buyers
Bitcoin seeks support
Bitcoin seeks support

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 84% 26 $18 917.31 -1.02% -4.11% $362 463 667 283 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 71.6% 54 $1 298.77 -3.27% -6.06% $159 129 662 025 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000070 0% 0% $67 959 486 248 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000058 0.01% 0% $49 596 112 733 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 88% 15 $274.90 -1.14% 0.65% $44 352 122 648 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 62.4% 74 $0.501984 0.54% 26.46% $25 023 258 974 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.000777 0.03% 0.03% $20 533 202 140 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 80.4% 33 $0.449897 -2.32% -3.88% $15 400 494 496 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 80.8% 28 $32.71 -3.79% 0.84% $11 601 976 269 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 88.8% 14 $0.061846 -3.69% 3.13% $8 205 146 170 DOGE 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 76.4% 41 $6.23 -3.04% -8.15% $6 984 955 644 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 92.4% 1 $0.999539 -0.04% -0.04% $6 927 324 765 DAI 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 72% 55 $0.749357 -2.69% -5.72% $6 545 118 739 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 79.2% 42 $0.000011 -3.43% -2.78% $6 126 642 475 SHIB 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 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.