The crypto market tests the strength of buyers
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.
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 91.2% | 8 | $37 944.65 | 0.62% | 1.46% | $742 100 341 920 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 82% | 28 | $2 090.35 | 3.23% | 1.06% | $251 343 888 603 |  |
|
| 3 |  USDT |
Tether predictions | 91.6% | 1 | $1.000179 | -0.01% | -0.01% | $89 367 751 013 |  |
|
| 4 |  BNB |
Binance Coin predictions | 82.4% | 26 | $228.48 | 0.61% | -2.80% | $34 659 804 761 |  |
|
| 5 |  XRP |
XRP predictions | 80% | 34 | $0.609017 | 0.50% | -2.26% | $32 819 051 200 |  |
|
| 6 |  SOL |
Solana predictions | 60% | 81 | $60.09 | 1.22% | 5.34% | $25 481 553 324 |  |
|
| 7 |  USDC |
USD Coin predictions | 90.8% | 1 | $0.999933 | 0% | -0.02% | $24 495 618 060 |  |
|
| 8 |  ADA |
Cardano predictions | 74% | 44 | $0.379017 | -0.23% | -2.85% | $13 382 357 916 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 78.4% | 45 | $0.083764 | 3.17% | 9.11% | $11 898 557 458 |  |
|
| 10 |  STETH |
Lido stETH predictions | 92.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  TRX |
TRON predictions | 87.2% | 21 | $0.103648 | 0.12% | 1.40% | $9 176 788 153 |  |
|
| 12 |  WTRX |
Wrapped TRON predictions | 87.2% | 24 | $0.102202 | -0.93% | 0.05% | $9 048 771 450 |  |
|
| 13 |  TON |
Toncoin predictions | 80% | 28 | $2.42 | -0.42% | -0.30% | $8 313 031 439 |  |
|
| 14 |  LINK |
Chainlink predictions | 69.2% | 55 | $14.54 | 0.57% | 1.00% | $8 098 485 446 |  |
|
| 15 |  AVAX |
Avalanche predictions | 55.2% | 90 | $21.91 | 4.63% | 6.46% | $8 001 756 415 |  |
