Bitcoin
BTC$27 716.54

-1.82%

Ethereum
ETH$1 755.09

-2.51%

Tether
USDT$1.002644

0.08%

Binance Coin
BNB$324.28

-4.30%

USD Coin
USDC$0.999666

0.09%

XRP
XRP$0.430223

-7.21%

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 72% 51 $27 716.54 -1.82% 12.55% $535 636 495 855 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.4% 34 $1 755.09 -2.51% 5.91% $214 776 666 177 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $1.002644 0.08% -0.01% $77 641 115 939 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 74% 47 $324.28 -4.30% 2.71% $51 200 109 142 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 90.8% 2 $0.999666 0.09% 0.01% $34 710 233 106 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 85.6% 17 $0.430223 -7.21% 17.82% $21 920 232 563 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 63.2% 82 $0.122471 17.07% 52.82% $21 237 782 043 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 78% 44 $0.363953 -4.28% 12.00% $12 636 148 693 ADA 7 days price change
9 Lido stETH (STETH) STETH Lido stETH predictions 92% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 73.2% 57 $0.074806 -1.43% 6.59% $9 924 596 389 DOGE 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 76.4% 51 $1.12 -3.14% -0.40% $9 779 730 336 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 74.8% 54 $21.61 -3.84% 11.54% $8 292 848 408 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $0.999732 -0.05% -0.05% $8 061 861 044 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 72.8% 50 $6.15 -3.06% 3.23% $7 193 674 767 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 70.4% 58 $87.97 7.97% 12.03% $6 381 945 113 LTC 7 days price change

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