Bitcoin
BTC$26 805.87

-1.40%

Ethereum
ETH$1 854.67

-0.84%

Tether
USDT$1.000096

-0.02%

Binance Coin
BNB$303.98

-1.00%

USD Coin
USDC$0.999905

-0.01%

XRP
XRP$0.505541

-0.88%

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 91.2% 10 $26 805.87 -1.40% 2.56% $519 755 870 988 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 94.4% 5 $1 854.67 -0.84% 4.20% $223 015 422 400 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.000096 -0.02% 0.03% $83 230 335 223 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 95.6% 1 $303.98 -1.00% -0.22% $47 377 323 224 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $0.999905 -0.01% 0% $28 877 501 003 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 76.8% 37 $0.505541 -0.88% 12.34% $26 279 740 617 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 90% 10 $0.363936 -3.17% 2.01% $12 695 439 313 ADA 7 days price change
8 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
9 Dogecoin (DOGE) DOGE Dogecoin predictions 84.8% 17 $0.071531 -0.10% 1.71% $9 984 428 154 DOGE 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 81.2% 35 $0.889823 0.05% 1.41% $8 257 084 812 MATIC 7 days price change
11 Solana (SOL) SOL Solana predictions 79.6% 29 $20.61 -0.54% 6.81% $8 175 590 615 SOL 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 81.2% 37 $0.074658 -1.32% -3.61% $7 590 887 095 WTRX 7 days price change
13 Litecoin (LTC) LTC Litecoin predictions 80.4% 37 $92.37 3.38% 9.85% $6 747 710 768 LTC 7 days price change
14 TRON (TRX) TRX TRON predictions 81.6% 35 $0.074386 -1.89% -3.97% $6 711 481 387 TRX 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 90% 10 $5.22 -2.17% -0.51% $6 213 935 139 DOT 7 days price change

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