Bitcoin
BTC$26 210.63

0.14%

Ethereum
ETH$1 595.67

0.61%

Tether
USDT$0.999302

-0.03%

Binance Coin
BNB$211.82

0%

XRP
XRP$0.502536

-0.41%

USD Coin
USDC$1.000082

0%

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 89.6% 4 $26 210.63 0.14% -3.74% $511 042 042 519 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 93.2% 6 $1 595.67 0.61% -2.12% $191 853 154 532 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $0.999302 -0.03% -0.08% $83 208 764 786 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 94% 4 $211.82 0% -1.92% $32 587 966 771 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 92% 8 $0.502536 -0.41% -3.20% $26 757 645 992 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000082 0% 0.01% $25 524 583 774 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 89.2% 16 $0.084835 1.21% 0.19% $8 625 708 807 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 91.2% 10 $0.243814 -0.40% -4.25% $8 564 830 439 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 94% 6 $0.060492 0.30% -3.04% $8 540 349 300 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 86.8% 23 $18.92 -1.40% -6.80% $7 810 238 767 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 84.4% 20 $0.085185 0.79% 0.50% $7 589 746 104 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 57.6% 86 $2.17 0.23% -11.19% $7 446 763 148 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 94.4% 1 $0.999141 -0.05% -0.07% $5 343 294 102 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 85.6% 16 $4.00 -0.11% -2.82% $4 915 661 831 DOT 7 days price change

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