Bitcoin
BTC$19 940.57

3.80%

Ethereum
ETH$1 349.46

4.24%

Tether
USDT$1.000154

0.01%

USD Coin
USDC$0.999970

0%

Binance Coin
BNB$291.87

2.18%

XRP
XRP$0.470970

5.78%

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 87.6% 20 $19 940.57 3.80% -1.66% $382 236 859 011 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 63.6% 82 $1 349.46 4.24% -3.17% $165 508 092 492 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000154 0.01% 0.01% $67 959 858 423 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $0.999970 0% -0.01% $47 232 999 984 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 90.8% 15 $291.87 2.18% 2.56% $47 090 040 247 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 61.6% 86 $0.470970 5.78% -0.24% $23 501 695 248 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 92.4% 1 $0.999720 -0.07% -0.07% $21 036 338 983 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74.8% 46 $0.431681 2.42% -5.35% $14 786 421 309 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 87.6% 22 $33.62 3.77% -3.47% $11 939 451 332 SOL 7 days price change
10 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
11 Dogecoin (DOGE) DOGE Dogecoin predictions 88.8% 14 $0.060668 0.97% -2.90% $8 048 894 841 DOGE 7 days price change
12 Polygon (MATIC) MATIC Polygon predictions 67.2% 61 $0.828976 7.27% 6.49% $7 240 542 782 MATIC 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 65.2% 68 $6.44 2.68% -4.41% $7 236 548 542 DOT 7 days price change
14 Dai (DAI) DAI Dai predictions 91.6% 1 $1.000031 0.04% 0.01% $6 786 897 014 DAI 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 93.6% 5 $0.061359 0.11% 1.47% $6 238 726 805 WTRX 7 days price change

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