The crypto market tries to buck negative
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.
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.
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 86.8% | 25 | $57 475.88 | -0.31% | -0.39% | $1 135 311 490 122 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 75.6% | 41 | $2 339.21 | -1.26% | -4.45% | $281 472 747 194 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000165 | -0.01% | 0.02% | $118 395 945 443 |  |
|
| 4 |  BNB |
Binance Coin predictions | 84% | 30 | $532.26 | 1.99% | 5.14% | $77 674 310 031 |  |
|
| 5 |  SOL |
Solana predictions | 77.6% | 37 | $132.25 | -3.62% | -0.63% | $61 883 929 991 |  |
|
| 6 |  USDC |
USD Coin predictions | 92.8% | 1 | $1.000008 | -0.02% | 0.01% | $35 362 754 471 |  |
|
| 7 |  XRP |
XRP predictions | 79.2% | 33 | $0.537441 | -0.35% | -3.72% | $30 273 691 657 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 84.8% | 29 | $0.101610 | -1.13% | 3.83% | $14 826 447 725 |  |
|
| 9 |  TON |
Toncoin predictions | 63.2% | 77 | $5.29 | -3.16% | 15.09% | $13 396 592 479 |  |
|
| 10 |  TRX |
TRON predictions | 69.6% | 55 | $0.152992 | 0.30% | 2.28% | $13 266 006 143 |  |
|
| 11 |  ADA |
Cardano predictions | 78.8% | 37 | $0.344166 | -0.21% | 7.01% | $12 376 421 831 |  |
|
| 12 |  STETH |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 13 |  WTRX |
Wrapped TRON predictions | 94.4% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 94% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |  |
|
| 15 |  AVAX |
Avalanche predictions | 67.6% | 61 | $23.47 | -3.25% | 7.04% | $9 511 202 705 |  |
