Bitcoin
BTC$76 855.36

0.30%

Ethereum
ETH$2 959.53

2.70%

Tether
USDT$1.000839

0.02%

Solana
SOL$199.95

1.51%

Binance Coin
BNB$596.37

-0.57%

USD Coin
USDC$0.999849

0.01%

The crypto market fall resumed


22 Nov 2021

#Bitcoin

The weekend respite did not break the two-weeks downtrend in Bitcoin. So far, on Monday, it lost 3.7% to $57.4K. Total crypto market capitalisation is down 2.8% over the last 24 hours to $2.57 trillion, according to CoinMarketCap. Thanks to neutral dynamics over the weekend, the cryptocurrency Fear and Greed Index stabilised in the middle of the scale, at 50. Among the top performers is AVAX, which has added 37% over the past seven days and is struggling to stay in growth territory amid a general pullback in cryptocurrencies.

The technical picture for Bitcoin is on the bearish side. After Friday's technical rebound, the first cryptocurrency hit resistance at the weekend in the form of the 50-day moving average and the 76.4% retracement level from the September-November rally. Stronger selling from this level suggests a short-term trend reversal and a set-up for a deeper and longer correction.

The first marker of a bear market would be a capitalisation drop under $2.38trn, which is 8% below current levels. For Bitcoin, such a level is near $55k, representing a 20% drop from the peak, a return to the highs of September and 61.8% of the last rising momentum. An overcoming of these levels would signal a further drawdown of 20-30%.

The leading altcoin, Ethereum, received fundamental support from the bulls on Friday, having enjoyed increased buying on the downside to $4000 and the 50-day moving average. This could be an indication that the crypto market remains in a buy the dips pattern.

However, we believe the environment of a strengthening dollar, tighter monetary policy, and a return to normalcy carries serious risks. Some cryptocurrency investors may want to lock in and spend profits from rising cryptocurrency prices. Accelerating inflation and depleting coronavirus incentives, combined with the stalling of the crypto market in recent weeks, encourage consumers to ramp up spending now before prices rise further.

And it could form a trend of selling currencies among small private investors, of which there are many in the crypto market.


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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 80% 31 $76 855.36 0.30% 11.20% $1 520 163 571 576 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 86.4% 26 $2 959.53 2.70% 18.01% $356 386 551 296 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000839 0.02% 0.13% $122 056 019 428 USDT 7 days price change
4 Solana (SOL) SOL Solana predictions 75.2% 54 $199.95 1.51% 20.42% $94 288 358 321 SOL 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 90.8% 5 $596.37 -0.57% 4.41% $85 936 211 907 BNB 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $0.999849 0.01% -0.01% $36 926 776 550 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 91.6% 12 $0.549051 -0.98% 6.86% $31 223 812 656 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 68.4% 65 $0.196451 0.26% 22.44% $28 821 187 554 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 90% 14 $0.446147 13.52% 25.31% $15 616 474 967 ADA 7 days price change
10 TRON (TRX) TRX TRON predictions 90.4% 2 $0.161088 0.28% -3.52% $13 921 660 516 TRX 7 days price change
11 Toncoin (TON) TON Toncoin predictions 84% 20 $4.90 -0.53% -0.21% $12 479 145 326 TON 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 75.2% 44 $28.26 2.65% 13.91% $11 507 426 483 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 56.4% 94 $0.000019 -1.20% 7.77% $11 090 826 998 SHIB 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 96% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

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