Bitcoin
BTC$69 754.66

-1.09%

Ethereum
ETH$3 535.01

-1.36%

Tether
USDT$1.000194

0.06%

Binance Coin
BNB$612.93

4.06%

Solana
SOL$183.87

-1.70%

XRP
XRP$0.614215

-1.52%

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 78.8% 42 $69 754.66 -1.09% 6.48% $1 371 888 833 628 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 74.4% 50 $3 535.01 -1.36% 1.94% $424 450 793 358 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000194 0.06% -0.04% $104 524 593 624 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 64% 80 $612.93 4.06% 5.41% $91 655 208 219 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 60.4% 88 $183.87 -1.70% 4.28% $81 714 371 355 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 83.2% 28 $0.614215 -1.52% -2.68% $33 710 727 268 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 93.6% 2 $1.000074 -0.01% 0.01% $32 492 535 488 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 70.4% 66 $0.214300 5.97% 33.42% $30 787 198 559 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 67.6% 66 $0.640124 -1.59% 1.35% $22 778 196 412 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 59.6% 87 $53.33 -2.25% -4.02% $20 127 136 651 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 58.4% 94 $0.000031 -1.21% 11.54% $18 130 400 221 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 56.4% 87 $4.82 -1.67% 9.28% $16 725 712 566 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 75.2% 49 $9.42 -1.36% 2.16% $13 443 984 853 DOT 7 days price change
14 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 73.2% 58 $594.45 5.76% 45.07% $11 700 102 719 BCH 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 75.6% 42 $18.85 -4.45% 3.53% $11 064 692 457 LINK 7 days price change

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