Top altcoins performance ranged from -1.5% (Cardano) to +10% (Solana)
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).
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 89.2% | 8 | $36 947.77 | -1.06% | -1.21% | $722 517 987 780 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76% | 49 | $2 006.98 | -1.94% | -0.25% | $241 327 503 957 |  |
|
| 3 |  USDT |
Tether predictions | 93.2% | 1 | $1.000106 | -0.01% | -0.03% | $88 908 308 061 |  |
|
| 4 |  BNB |
Binance Coin predictions | 81.6% | 28 | $225.88 | -1.16% | -13.20% | $34 266 144 454 |  |
|
| 5 |  XRP |
XRP predictions | 76.8% | 42 | $0.599360 | -0.94% | -1.73% | $32 255 761 880 |  |
|
| 6 |  USDC |
USD Coin predictions | 94% | 1 | $0.999945 | 0% | 0.02% | $24 452 239 909 |  |
|
| 7 |  SOL |
Solana predictions | 56.8% | 87 | $54.93 | -1.57% | -2.13% | $23 259 800 805 |  |
|
| 8 |  ADA |
Cardano predictions | 70% | 62 | $0.370958 | -3.20% | -3.22% | $13 094 166 560 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 75.2% | 48 | $0.077136 | -4.06% | 0.31% | $10 954 291 481 |  |
|
| 10 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  TRX |
TRON predictions | 81.2% | 27 | $0.101641 | -4.10% | 0.18% | $9 001 259 365 |  |
|
| 12 |  WTRX |
Wrapped TRON predictions | 82% | 30 | $0.101320 | -4.87% | 0.51% | $8 972 888 283 |  |
|
| 13 |  TON |
Toncoin predictions | 80% | 31 | $2.43 | 2.70% | 4.28% | $8 334 169 287 |  |
|
| 14 |  LINK |
Chainlink predictions | 63.6% | 69 | $13.97 | -3.35% | -1.89% | $7 781 668 263 |  |
|
| 15 |  AVAX |
Avalanche predictions | 57.6% | 86 | $19.69 | -3.93% | -5.98% | $7 187 470 859 |  |
