Bitcoin
BTC$68 278.57

-0.38%

Ethereum
ETH$3 895.77

-0.31%

Tether
USDT$0.998943

-0.04%

Binance Coin
BNB$601.39

-0.01%

Solana
SOL$171.42

2.71%

USD Coin
USDC$1.000061

0.01%

The crypto market tries to buck negative


02 Mar 2023

#Ethereum

Cryptocurrency market capitalisation fell 1.2% overnight to $1.07 trillion. This level has been the focus of attention since Sunday, reflecting the consolidation of the participant’s strengths. The cryptocurrency fear and greed index is back in the 50s. Since January, periods of greed are alternating with a neutral sentiment, not fear.

Bitcoin continues to find support as it falls to 23k, an impressive result amid falling markets and a stronger dollar. The first cryptocurrency remains virtually unchanged, effectively fighting off the strong headwinds that pushed the Nasdaq100 back five weeks ago.

Significant signal levels on the way down for Bitcoin appear to be around $22.7K, where the 50-day moving average and the local lows from late last week are concentrated. If this support fails to hold, the next major stop is not expected until $21.5K, negating February’s bullish momentum.

Bitcoin appear to be around $22.7K, where the 50-day moving average

Ethereum is sandwiched between resistance in the 50-week average (near $1690) and the 50-day average (near $1600). A bearish victory in this local battle could trigger a quick pullback to $1400.

Ethereum is sandwiched between resistance in the 50-week average (near $1690)

Background news

France is set to tighten licensing rules for cryptocurrency companies. The country’s lower house of parliament has approved a set of new regulations for the licensing and registration of cryptocurrency companies. If the bill is passed, the changes will take effect from July 2023. Major stablecoin issuers, united in the Stablecoin Standard group, have announced work to create a common set of standards to increase consumer confidence in digital assets.

The Gamium blockchain project’s GMM token surged 650% after it announced a partnership with Meta and Telefonica as part of the Metaverse Activation Programme initiative. The joint programme between the giants aims to empower and scale startups in the Metaverse and Web3 space.

 


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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 77.2% 43 $68 278.57 -0.38% -4.32% $1 345 400 809 941 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 67.6% 70 $3 895.77 -0.31% 2.68% $468 028 945 782 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $0.998943 -0.04% -0.09% $111 847 033 976 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 88.8% 6 $601.39 -0.01% -1.98% $88 756 634 769 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 67.6% 73 $171.42 2.71% -4.55% $77 056 762 894 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000061 0.01% 0.01% $32 464 668 588 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92.8% 6 $0.531361 0.46% -2.28% $29 453 574 385 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 72% 50 $0.165070 -2.39% -1.61% $23 848 390 229 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 68.8% 64 $6.44 -0.32% -0.23% $22 370 418 462 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 86.4% 19 $0.459252 -0.49% -8.44% $16 392 782 942 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 78.8% 33 $0.000026 2.23% 0.87% $15 438 115 111 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 72.8% 52 $37.32 -0.09% -8.04% $14 662 529 748 AVAX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 62.8% 82 $18.18 4.79% 8.58% $10 674 965 951 LINK 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 78.8% 42 $68 436.87 -0.24% -4.17% $10 638 276 521 WBTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 83.2% 33 $7.38 -1.17% -2.07% $10 610 167 735 DOT 7 days price change

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