Bitcoin
BTC$26 275.38

0.21%

Ethereum
ETH$1 587.57

0.57%

Tether
USDT$0.999885

-0.02%

Binance Coin
BNB$210.08

0.83%

XRP
XRP$0.502599

0.41%

USD Coin
USDC$1.000132

0%

The crypto market has pushed up from support


16 Feb 2022

#Bitcoin

Cryptocurrencies rose on Tuesday on the back of strengthening stock indices and falling protective assets like gold, the yen, and treasuries. Technical factors may have influenced the first cryptocurrency's strengthening, with BTC pushing back from its 50-day moving average, which has been acting as a support level for the past week.

Russia has proposed allowing cryptocurrency mining in specific regions and imposing taxes on the conversion of crypto assets into fiat and is making progress in testing the digital rouble with the first interbank transfers.

Bitcoin rose on Tuesday to its highest level in the past week (+4.4%), ending the day around $44,100, where it is trading on Wednesday morning. Ethereum jumped 7.3% on Tuesday, settling at $3100, while other leading altcoins from the top 10 also added: from 1.7% (XRP) to 12% (Avalanche). Overnight, crypto market capitalisation rose 2% to $1.98 trillion, according to CoinMarketCap estimates. Since early January, the market has not been consistently above the 2 trillion mark, and consolidation above could be an essential signal for bulls to move from observation to active buying. Since the end of January, there has been a notable uptrend support line that can be drawn through the local lows, which sets up optimism in the short term.

The two largest cryptocurrencies, BTC and ETH, are attempting to consolidate above their 50-day averages, which previously signalled the end of a bearish phase. This was primarily made possible by optimism on Wall Street, where investors continue to buy out drawdowns.

Altcoins showed outperformance, which led to a 0.3 percentage point decline in the Bitcoin Dominance Index to 40.4%. The Fear & Greed Index climbed from 46 to 51, moving into the Neutral from the Fear territory.


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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 94.4% 4 $26 275.38 0.21% -1.57% $512 264 229 303 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 93.6% 6 $1 587.57 0.57% -2.66% $190 876 036 699 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $0.999885 -0.02% -0.07% $83 198 315 990 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 93.6% 4 $210.08 0.83% -2.71% $32 320 352 678 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 89.2% 8 $0.502599 0.41% -0.08% $26 761 004 233 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $1.000132 0% -0.03% $25 663 543 950 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 95.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Cardano (ADA) ADA Cardano predictions 90.4% 7 $0.246432 1.19% -2.10% $8 655 293 025 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 89.6% 6 $0.060907 0.18% -1.83% $8 597 490 194 DOGE 7 days price change
10 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 86.4% 17 $0.083230 -0.20% 0.26% $8 462 475 836 WTRX 7 days price change
11 Solana (SOL) SOL Solana predictions 85.2% 23 $19.34 -0.10% -1.80% $7 981 923 575 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 88% 20 $0.084366 0.89% 0.58% $7 518 294 306 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 60% 80 $2.15 -1.96% -10.71% $7 370 150 744 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 93.2% 1 $0.999781 -0.07% 0.01% $5 346 718 270 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 82.4% 23 $4.07 1.80% -0.55% $5 255 365 325 DOT 7 days price change

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