Bitcoin
BTC$66 041.52

-1.34%

Ethereum
ETH$3 078.99

-1.29%

Tether
USDT$1.000018

-0.02%

Binance Coin
BNB$578.99

0.63%

Solana
SOL$169.28

-1.74%

USD Coin
USDC$1.000008

0%

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 88.8% 18 $66 041.52 -1.34% 7.60% $1 301 054 601 690 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 83.2% 20 $3 078.99 -1.29% 5.14% $369 861 425 373 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000018 -0.02% 0.03% $111 436 886 229 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.2% 8 $578.99 0.63% -2.44% $85 450 657 172 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 76.8% 39 $169.28 -1.74% 16.84% $75 989 826 214 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000008 0% 0.01% $33 486 527 865 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92% 8 $0.507493 -2.59% 1.23% $28 058 766 808 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 65.2% 66 $6.34 -1.59% -9.55% $22 022 061 681 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 81.6% 31 $0.148934 -2.73% 5.66% $21 499 911 534 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 85.2% 22 $0.468449 -3.20% 6.88% $16 714 336 337 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 76% 42 $0.000024 -3.46% 6.14% $14 022 565 533 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 77.6% 38 $36.10 -2.82% 7.51% $13 818 367 367 AVAX 7 days price change
13 TRON (TRX) TRX TRON predictions 84% 27 $0.121232 -1.70% -4.52% $10 600 705 716 TRX 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 81.6% 25 $0.120633 -2.26% -4.59% $10 548 459 707 WTRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 90% 17 $66 743.66 -0.21% 8.49% $10 378 409 570 WBTC 7 days price change

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