Bitcoin
BTC$66 503.40

-0.65%

Ethereum
ETH$3 078.67

-1.28%

Tether
USDT$1.000029

-0.03%

Binance Coin
BNB$573.51

-1.19%

Solana
SOL$170.51

-1.50%

USD Coin
USDC$1.000043

-0.01%

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 86% 19 $66 503.40 -0.65% 8.34% $1 310 162 140 242 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 83.6% 20 $3 078.67 -1.28% 5.59% $369 830 375 839 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000029 -0.03% 0.04% $111 438 173 122 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 88.8% 6 $573.51 -1.19% -3.22% $84 642 569 477 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 75.2% 42 $170.51 -1.50% 19.27% $76 556 546 641 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $1.000043 -0.01% 0.01% $33 496 798 629 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92.4% 8 $0.510333 -2.19% 2.41% $28 215 770 436 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 69.2% 65 $6.28 -2.41% -10.36% $21 813 613 872 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 84% 30 $0.149658 -2.79% 6.73% $21 604 956 344 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 86.4% 23 $0.465359 -3.02% 6.95% $16 604 076 150 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 75.2% 41 $0.000024 -4.04% 7.28% $13 986 369 705 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 78.4% 38 $35.58 -4.98% 8.51% $13 620 879 971 AVAX 7 days price change
13 TRON (TRX) TRX TRON predictions 88% 21 $0.121132 -1.02% -4.68% $10 591 997 443 TRX 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 89.2% 18 $0.121054 -1.15% -4.68% $10 585 118 485 WTRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 87.6% 18 $66 386.79 -0.80% 8.28% $10 322 918 427 WBTC 7 days price change

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