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%

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 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 92.4% 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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