Bitcoin
BTC$37 944.65

0.62%

Ethereum
ETH$2 090.35

3.23%

Tether
USDT$1.000179

-0.01%

Binance Coin
BNB$228.48

0.61%

XRP
XRP$0.609017

0.50%

Solana
SOL$60.09

1.22%

The crypto market has taken a hiatus from the sell-off


20 Sep 2022

#Bitcoin

Bitcoin has changed little over the past 24 hours, trading at $19.4K on Tuesday at the start of the day. The initial fall was neatly redeemed during active European and US trading amid a rebound in stock indices. Some investors and traders saw the market response as excessive and sought to buy back the market at its current levels.

The capitalization of the entire crypto market rose 2.7% in the last 24 hours to 936bn. Both bitcoin and the crypto market continue to receive support near levels of the previous three months' lows, around the $20K and $900B area, respectively.

Despite a pause in the sell-off, the technical balance of power is on the bears' side, with the potential to renew the June lows and move into the $12-14K area.

Bitcoin has changed little over the past 24 hours, trading at $19.4K on Tuesday at the start of the day

News background

According to renowned expert Willie Wu, the cryptocurrency market has not yet bottomed out. According to him, if bitcoin fails to stay in the $19K - $20K range, it faces a collapse to $17.6K. However, BTC may only bottom at around $10K. According to CoinShares, investments in crypto funds rose last week after sharp outflows in the previous week. Net inflows of $7 million compared to outflows of $63 million the week before.

The crypto market has taken a hiatus from the sell-off

$17 million Inflows to bitcoin funds contrasted with $15 million outflows from Ethereum funds. Investments in funds that allow shorts on bitcoin rose by $3 million. "The combination of positive and negative flows suggests a continued lack of investor engagement in cryptocurrencies," CoinShares said. After nearly two years of litigation, the SEC and Ripple Labs called on a federal court to immediately rule on whether XRP sales violate US securities laws.


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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 91.2% 8 $37 944.65 0.62% 1.46% $742 100 341 920 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82% 28 $2 090.35 3.23% 1.06% $251 343 888 603 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $1.000179 -0.01% -0.01% $89 367 751 013 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 82.4% 26 $228.48 0.61% -2.80% $34 659 804 761 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 80% 34 $0.609017 0.50% -2.26% $32 819 051 200 XRP 7 days price change
6 Solana (SOL) SOL Solana predictions 60% 81 $60.09 1.22% 5.34% $25 481 553 324 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $0.999933 0% -0.02% $24 495 618 060 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74% 44 $0.379017 -0.23% -2.85% $13 382 357 916 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 78.4% 45 $0.083764 3.17% 9.11% $11 898 557 458 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 87.2% 21 $0.103648 0.12% 1.40% $9 176 788 153 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 87.2% 24 $0.102202 -0.93% 0.05% $9 048 771 450 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 80% 28 $2.42 -0.42% -0.30% $8 313 031 439 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 69.2% 55 $14.54 0.57% 1.00% $8 098 485 446 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 55.2% 90 $21.91 4.63% 6.46% $8 001 756 415 AVAX 7 days price change

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