Bitcoin
BTC$22 794.78

-4.60%

Ethereum
ETH$1 553.83

-5.95%

Tether
USDT$1.000104

-0.01%

Binance Coin
BNB$304.99

-4.44%

USD Coin
USDC$0.999890

-0.03%

XRP
XRP$0.394508

-5.29%

Top altcoins performance ranged from -1.5% (Cardano) to +10% (Solana)


13 Sep 2022

#Cardano

Bitcoin rose 2.6% to $22,300 in the past 24 hours amid rising stock indices and a weaker US dollar. Ethereum lags the market, losing 0.7% to $1715. Top altcoins performance ranged from -1.5% (Cardano) to +10% (Solana). Total crypto market capitalisation, according to CoinMarketCap, rose 1% overnight to $1.06 trillion. The cryptocurrency Fear & Greed Index added 9 points to 34 by Tuesday, the highest since mid-August.

BTC is just a hair above its 50-day average, which should hardly be considered an encouraging bullish sign. The following intermediate stage of recovery that could revive the market is the 200-week average at $23.2K.

The latter dynamic suggests cautious market players, who are likely to shift their attention to global macro issues. The most critical of these today is the US inflation report, which could return optimism to the markets if price growth slows and sell-offs otherwise. TradingView shows a correlation between bitcoin and the S&P 500 index started to strengthen again last week. Solana posted the highest daily gain among top coins. Despite the overall market decline, the number of NFTs issued on the Solana blockchain rose sharply, reaching 312K. The trading volumes of collectable assets on the network have also jumped.

News background

According to CoinShares, crypto funds saw a $63 million outflow last week, the highest in 12 weeks. Ethereum funds lost $62M, bitcoin funds - $13M, and short-BTC funds got an $11M inflow. These dynamics starkly contrast to the price behaviour and overall market capitalisation, showing that the institutions are not setting the prices here at all.

The bitcoin network's hash rate has renewed its all-time high of 281.79 million TerraHash, shifting the projected date of the next halving from May 2024 to Q4 2023.

According to a Harris Poll survey, 70% of cryptocurrency investors are hoping to become billionaires, which is significantly above the number among traditional investors. On September 19, due to increased regulatory pressure, Huobi will delist seven anonymous cryptocurrencies, including Dash (DSH), Monero (XMR) and Zcash (ZEC).


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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 60.4% 84 $22 794.78 -4.60% 0.16% $439 421 744 135 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 62.4% 84 $1 553.83 -5.95% -3.88% $190 147 661 417 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000104 -0.01% 0% $67 783 099 946 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 65.6% 66 $304.99 -4.44% 0.23% $48 158 717 061 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92% 1 $0.999890 -0.03% -0.01% $42 871 511 347 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 65.6% 68 $0.394508 -5.29% -7.09% $20 042 407 520 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000163 -0.07% 0.02% $15 378 516 452 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 62.8% 76 $0.372102 -6.15% -0.25% $12 872 392 418 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 64.4% 68 $0.086947 -3.87% -0.56% $11 535 298 125 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 63.6% 77 $1.085935 -8.18% 10.16% $9 484 901 320 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 54.8% 91 $23.55 -10.47% -2.36% $8 752 068 592 SOL 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 58.4% 85 $6.14 -8.11% -7.79% $7 076 486 593 DOT 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 69.2% 63 $90.05 -7.19% 0.74% $6 498 956 549 LTC 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 60% 81 $20.20 -3.78% 14.48% $6 357 771 856 AVAX 7 days price change

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