The cryptocurrency market opens Friday on a positive note, while traditional markets are experiencing a classic risk-off. Bitcoin has lost 2% since the start of the day, but this pullback has so far only brought it back to Tuesday’s levels at $57.5. Since the beginning of the week, bulls have been buying BTC and ETH on dips, forming higher lows sequence.
However, this support looks like thin ice that may not withstand a heavy, more than 2% drop in key Asian indices from the start of the day on Friday and a decline of around 1% in US index futures. With increased equity market volatility, crypto investors should be on guard.
Because of the institutional love affair, Bitcoin is substantially vulnerable to moments of exit from risky assets when it sells off everything, regardless of the outlook. And its severe sell-off risks dragging the entire cryptocurrency down with it.
From a different perspective, retail investors have developed a reflex to buy crypto on coronavirus fears, with WHO discussing new virus variants and restrictions on air travel. This means that real crypto-enthusiasts and long-term investors in cryptos may consider buying it out of the severe downturn on the exit of traditional financial institutions.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 76.8% | 42 | $69 980.05 | -0.89% | 6.26% | $1 376 321 554 485 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 76% | 50 | $3 542.04 | -1.00% | 1.71% | $425 295 504 407 | ||
3 | USDT | Tether predictions | 95.6% | 1 | $1.000055 | 0.05% | -0.02% | $104 510 072 326 | ||
4 | BNB | Binance Coin predictions | 60% | 80 | $608.95 | 3.26% | 5.16% | $91 059 509 830 | ||
5 | SOL | Solana predictions | 61.6% | 88 | $186.01 | -1.00% | 4.93% | $82 665 453 798 | ||
6 | XRP | XRP predictions | 82.4% | 28 | $0.614771 | -1.43% | -2.36% | $33 741 219 924 | ||
7 | USDC | USD Coin predictions | 94% | 2 | $0.999937 | -0.01% | -0.03% | $32 488 081 465 | ||
8 | DOGE | Dogecoin predictions | 70% | 66 | $0.213182 | 5.48% | 32.70% | $30 626 599 420 | ||
9 | ADA | Cardano predictions | 68.8% | 66 | $0.641810 | -1.67% | 0.99% | $22 838 195 969 | ||
10 | AVAX | Avalanche predictions | 59.6% | 87 | $53.74 | -2.07% | -3.75% | $20 280 952 532 | ||
11 | SHIB | SHIBA INU predictions | 56.8% | 94 | $0.000031 | -1.88% | 11.16% | $18 162 954 310 | ||
12 | TON | Toncoin predictions | 61.6% | 87 | $4.88 | -1.70% | 10.03% | $16 923 658 045 | ||
13 | DOT | Polkadot predictions | 75.2% | 49 | $9.47 | -1.58% | 2.49% | $13 511 836 957 | ||
14 | BCH | Bitcoin Cash predictions | 68% | 58 | $581.80 | 2.03% | 42.09% | $11 451 168 386 | ||
15 | LINK | Chainlink predictions | 78% | 42 | $18.91 | -2.89% | 3.64% | $11 099 137 470 |
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