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 | 86.4% | 25 | $100 530.59 | 2.88% | -1.41% | $1 989 946 633 292 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 71.2% | 59 | $3 929.94 | 6.91% | 2.01% | $473 342 384 283 | ||
3 | USDT | Tether predictions | 91.6% | 1 | $1.000136 | -0.02% | -0.03% | $139 761 481 665 | ||
4 | XRP | XRP predictions | 55.6% | 93 | $2.43 | 4.35% | 5.06% | $138 977 464 000 | ||
5 | SOL | Solana predictions | 80% | 38 | $230.01 | 4.45% | -1.64% | $110 144 514 778 | ||
6 | BNB | Binance Coin predictions | 72.8% | 53 | $717.72 | 5.24% | -0.64% | $103 358 351 705 | ||
7 | DOGE | Dogecoin predictions | 71.2% | 51 | $0.417997 | 6.37% | -4.06% | $61 514 936 275 | ||
8 | USDC | USD Coin predictions | 93.6% | 1 | $0.999826 | -0.01% | -0.02% | $41 551 036 928 | ||
9 | ADA | Cardano predictions | 57.6% | 85 | $1.16 | 15.10% | -2.35% | $40 890 525 956 | ||
10 | TRX | TRON predictions | 53.6% | 94 | $0.294299 | 8.22% | -10.42% | $25 384 160 807 | ||
11 | AVAX | Avalanche predictions | 63.6% | 72 | $50.35 | 13.49% | -3.07% | $20 626 202 711 | ||
12 | LINK | Chainlink predictions | 63.2% | 77 | $28.83 | 29.26% | 20.95% | $18 070 985 323 | ||
13 | SHIB | SHIBA INU predictions | 69.2% | 69 | $0.000029 | 8.54% | -6.64% | $17 273 209 565 | ||
14 | TON | Toncoin predictions | 66.8% | 71 | $6.49 | 6.60% | -5.29% | $16 558 970 773 | ||
15 | DOT | Polkadot predictions | 60% | 87 | $9.42 | 12.61% | -10.06% | $14 387 293 920 |
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