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 | ![]() |
Bitcoin predictions | 89.6% | 4 | $26 358.83 | 0.34% | -2.46% | $513 940 893 353 | ||
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2 | ![]() |
Ethereum predictions | 90.4% | 6 | $1 605.45 | 0.57% | -1.06% | $193 030 672 715 | ||
3 | ![]() |
Tether predictions | 94.4% | 1 | $0.999256 | -0.02% | -0.09% | $83 209 237 743 | ||
4 | ![]() |
Binance Coin predictions | 90% | 4 | $211.90 | -0.51% | -1.42% | $32 599 483 391 | ||
5 | ![]() |
XRP predictions | 92% | 8 | $0.498171 | -0.94% | -3.82% | $26 558 684 405 | ||
6 | ![]() |
USD Coin predictions | 90.8% | 1 | $1.000013 | -0.01% | -0.01% | $25 482 938 324 | ||
7 | ![]() |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
8 | ![]() |
Wrapped TRON predictions | 88% | 20 | $0.084973 | 0.59% | 0.51% | $8 639 700 468 | ||
9 | ![]() |
Cardano predictions | 88.8% | 8 | $0.244012 | -0.57% | -2.80% | $8 571 772 939 | ||
10 | ![]() |
Dogecoin predictions | 93.6% | 6 | $0.060473 | -0.46% | -3.62% | $8 537 944 555 | ||
11 | ![]() |
Solana predictions | 86.8% | 22 | $19.21 | 1.02% | -4.69% | $7 926 687 641 | ||
12 | ![]() |
TRON predictions | 86.4% | 18 | $0.085280 | 0.25% | 0.71% | $7 597 972 233 | ||
13 | ![]() |
Toncoin predictions | 60% | 84 | $2.16 | 2.18% | -9.20% | $7 427 615 519 | ||
14 | ![]() |
Dai predictions | 94.4% | 1 | $0.999584 | -0.05% | -0.02% | $5 345 663 638 | ||
15 | ![]() |
Polkadot predictions | 89.2% | 11 | $4.00 | -0.25% | -3.61% | $4 927 453 445 |
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