Bitcoin
BTC$26 358.83

0.34%

Ethereum
ETH$1 605.45

0.57%

Tether
USDT$0.999256

-0.02%

Binance Coin
BNB$211.90

-0.51%

XRP
XRP$0.498171

-0.94%

USD Coin
USDC$1.000013

-0.01%

Stocks lurch pressured crypto on Friday


26 Nov 2021

#Ethereum

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.


Related

Crypto may be ready for a new leg down
Crypto may be ready for a new leg down
Cryptocurrencies wait for a signal
Cryptocurrencies wait for a signal
What are dynamic NFTs?: Use cases and examples
What are dynamic NFTs?: Use cases and examples
Shanghai Upgrade Fires Up ETH and Altcoins
Shanghai Upgrade Fires Up ETH and Altcoins
Challenges of data accessibility in the NFT market
Challenges of data accessibility in the NFT market
Is the A.I. revolution about to pump Nvidia stocks?
Is the A.I. revolution about to pump Nvidia stocks?
Five tips for investing during a global recession
Five tips for investing during a global recession
What is NFT ticketing and how does it work?
What is NFT ticketing and how does it work?
The crypto market is cheaper than a trillion again
The crypto market is cheaper than a trillion again

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 89.6% 4 $26 358.83 0.34% -2.46% $513 940 893 353 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90.4% 6 $1 605.45 0.57% -1.06% $193 030 672 715 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $0.999256 -0.02% -0.09% $83 209 237 743 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 90% 4 $211.90 -0.51% -1.42% $32 599 483 391 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 92% 8 $0.498171 -0.94% -3.82% $26 558 684 405 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000013 -0.01% -0.01% $25 482 938 324 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 88% 20 $0.084973 0.59% 0.51% $8 639 700 468 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 88.8% 8 $0.244012 -0.57% -2.80% $8 571 772 939 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 93.6% 6 $0.060473 -0.46% -3.62% $8 537 944 555 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 86.8% 22 $19.21 1.02% -4.69% $7 926 687 641 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 86.4% 18 $0.085280 0.25% 0.71% $7 597 972 233 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 60% 84 $2.16 2.18% -9.20% $7 427 615 519 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 94.4% 1 $0.999584 -0.05% -0.02% $5 345 663 638 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 89.2% 11 $4.00 -0.25% -3.61% $4 927 453 445 DOT 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2023 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.