Bitcoin
BTC$37 944.65

0.62%

Ethereum
ETH$2 090.35

3.23%

Tether
USDT$1.000179

-0.01%

Binance Coin
BNB$228.48

0.61%

XRP
XRP$0.609017

0.50%

Solana
SOL$60.09

1.22%

The crypto market tests the strength of buyers


18 Aug 2022

#Bitcoin

Bitcoin has lost 4% in the past 24 hours, falling to $23.3K. Ethereum lost 5.3% to $1840. Top altcoins are down 3% (XRP) to 8% (Solana). Total crypto market capitalisation, according to CoinMarketCap, sank 3.4% to $1.12 trillion. The Crypto Fear and Greed Index fell 11 points to 30 by Thursday, tumbling deeper into "fear" territory.

Once again, Bitcoin seems to have acted as a leading indicator of risk sentiment in global markets. The former cryptocurrency had been sluggishly correcting over the previous three days but only yesterday took a decisive step down, warning of a similar move in the US indices.

Right now, BTCUSD has rolled back to the area of previous local lows and is approaching the lower boundary of the uptrend channel. A break below $22.5K in a sharp move down would be evidence of a gap in the last two months' trend and a deeper dive harbinger.

The crypto market tests the strength of buyers

News background

According to Fox Business journalist Eleanor Terrett, the US Securities and Exchange Commission (SEC) may yet charge Ethereum creators with selling unregistered securities in the US. Cryptocurrency hacking damage in 2022 was $1.9 billion, having doubled in a year and a half, according to analytics service Chainalysis.

The European Green Party has introduced legislative amendments to increase capital requirements for banks using cryptocurrencies. Stablecoins backed by the US dollar, and other fiat currencies will expand access to financial services and Web3, according to cryptocurrency exchange Coinbase.

According to Blockckdata, Alphabet, Google's parent company, has invested more than $1.5bn in four blockchain companies between September 2021 and June 2022. This is followed by Blackrock ($1.17bn) and Morgan Stanley ($1.11bn). Overall, large public companies have invested about $6 billion in crypto over this period.


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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% 8 $37 944.65 0.62% 1.46% $742 100 341 920 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82% 28 $2 090.35 3.23% 1.06% $251 343 888 603 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $1.000179 -0.01% -0.01% $89 367 751 013 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 82.4% 26 $228.48 0.61% -2.80% $34 659 804 761 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 80% 34 $0.609017 0.50% -2.26% $32 819 051 200 XRP 7 days price change
6 Solana (SOL) SOL Solana predictions 60% 81 $60.09 1.22% 5.34% $25 481 553 324 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $0.999933 0% -0.02% $24 495 618 060 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74% 44 $0.379017 -0.23% -2.85% $13 382 357 916 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 78.4% 45 $0.083764 3.17% 9.11% $11 898 557 458 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 87.2% 21 $0.103648 0.12% 1.40% $9 176 788 153 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 87.2% 24 $0.102202 -0.93% 0.05% $9 048 771 450 WTRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 80% 28 $2.42 -0.42% -0.30% $8 313 031 439 TON 7 days price change
14 Chainlink (LINK) LINK Chainlink predictions 69.2% 55 $14.54 0.57% 1.00% $8 098 485 446 LINK 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 55.2% 90 $21.91 4.63% 6.46% $8 001 756 415 AVAX 7 days price change

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