Powell did not scare crypto
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 95.6% | 2 | $27 039.83 | 2.05% | 1.68% | $527 252 460 832 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 93.6% | 5 | $1 673.68 | 2.76% | 5.04% | $201 236 607 315 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.999935 | 0.08% | 0.01% | $83 271 159 494 |  |
|
| 4 |  BNB |
Binance Coin predictions | 94.4% | 4 | $216.15 | 1.27% | 2.52% | $33 253 779 336 |  |
|
| 5 |  XRP |
XRP predictions | 92% | 9 | $0.510677 | 1.70% | 0.44% | $27 225 409 135 |  |
|
| 6 |  USDC |
USD Coin predictions | 94.8% | 1 | $1.000031 | -0.01% | 0.01% | $25 532 133 625 |  |
|
| 7 |  STETH |
Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  WTRX |
Wrapped TRON predictions | 85.2% | 24 | $0.088292 | 4.10% | 5.99% | $8 977 186 451 |  |
|
| 9 |  ADA |
Cardano predictions | 91.6% | 6 | $0.251514 | 1.88% | 2.61% | $8 835 312 768 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 90% | 4 | $0.061731 | 1.06% | 0.25% | $8 716 622 382 |  |
|
| 11 |  SOL |
Solana predictions | 84.8% | 20 | $20.15 | 4.81% | 2.65% | $8 320 025 559 |  |
|
| 12 |  TRX |
TRON predictions | 84% | 22 | $0.088863 | 4.54% | 6.44% | $7 915 896 490 |  |
|
| 13 |  TON |
Toncoin predictions | 60.4% | 84 | $2.23 | 1.65% | -2.84% | $7 660 748 928 |  |
|
| 14 |  DAI |
Dai predictions | 95.2% | 1 | $0.999533 | -0.04% | 0.01% | $5 345 391 790 |  |
|
| 15 |  DOT |
Polkadot predictions | 90% | 7 | $4.09 | 1.18% | 1.62% | $5 023 915 784 |  |
