Bitcoin
BTC$27 039.83

2.05%

Ethereum
ETH$1 673.68

2.76%

Tether
USDT$0.999935

0.08%

Binance Coin
BNB$216.15

1.27%

XRP
XRP$0.510677

1.70%

USD Coin
USDC$1.000031

-0.01%

Powell did not scare crypto


03 Nov 2022

#Bitcoin

Bitcoin is trading near $20.3K – just 0.5% below levels of a day ago, although the range of fluctuations during this time has been quite significant. The initial reaction to the Fed's official comment sent BTC to $20.8K, but the press conference that followed put double the pressure on the exchange rate, forcing it to touch $20K. The crypto market has shown much more resilience to stock market distresses, adding 0.13% overnight to $1.01 trillion. Some pressure on Bitcoin and Ether, firmly tied to institutional sentiment, is balanced by altcoins shooting up one by one.

In addition to Dogecoin doubling in price in just over a week, the rallying coins included Litecoin (+13% over 24h) and Polygon (+15% so far today). Crypto investors are tired of the year-long bear market and seem open to new ideas for a pump. This could signal that the market is sufficiently cheap and rested.

News background

Bitcoin's hash rate has set a new high, likely due to big energy players entering the industry, suggested Charles Edwards, founder of Capriole Investments. According to him, the rise in hash rate amid BTC stagnation doesn't look like miners are capitulating. According to Glassnode, the first cryptocurrency's network processing capacity was 272.4 EH/s as of November 1 (smoothed by the 7-day moving average).

Stablecoins are increasingly used as collateral in DeFi services. This is according to a report from CoinMarketCap and TokenInsight. Among DeFi-ecosystems, Ethereum continues to dominate by a wide margin. Money transfer service MoneyGram has partnered with exchange Coinme to launch trading and storage options for Bitcoin, Ethereum and Litecoin in its mobile app for US users. UnionBank, the Philippines' largest bank, has announced the pilot launch of Bitcoin and Ethereum trading and storage services. The initiative is implemented in partnership with Swiss custodian Metaco.


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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 95.6% 2 $27 039.83 2.05% 1.68% $527 252 460 832 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 93.6% 5 $1 673.68 2.76% 5.04% $201 236 607 315 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.999935 0.08% 0.01% $83 271 159 494 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 94.4% 4 $216.15 1.27% 2.52% $33 253 779 336 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 92% 9 $0.510677 1.70% 0.44% $27 225 409 135 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000031 -0.01% 0.01% $25 532 133 625 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 92% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 85.2% 24 $0.088292 4.10% 5.99% $8 977 186 451 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 91.6% 6 $0.251514 1.88% 2.61% $8 835 312 768 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 90% 4 $0.061731 1.06% 0.25% $8 716 622 382 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 84.8% 20 $20.15 4.81% 2.65% $8 320 025 559 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 84% 22 $0.088863 4.54% 6.44% $7 915 896 490 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 60.4% 84 $2.23 1.65% -2.84% $7 660 748 928 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 95.2% 1 $0.999533 -0.04% 0.01% $5 345 391 790 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 90% 7 $4.09 1.18% 1.62% $5 023 915 784 DOT 7 days price change

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