The cryptocurrency market digest
The BTC dropped 7% over the last 24 hours due to huge sales on the US stock market; there is a direct correlation between NASDAQ and the BTC. So, NASDAQ is currently dominated by bears. The BTC capitalisation dropped to $770 billion with a daily turnover of about $22 billion. The crypto market does have reasons for falling. One of them is the expectations of a future rate hike by the US Fed and the reduction in the regulator’s balance. These factors make the US stock market decline, thus bringing the crypto market along.
Will this be the end of the “carnival of the speculators” on the crypto market? One may assume that volatility might be very high but the fact of the Fed’s monetary policy tightening may be a good cause for the sound development of the crypto market.
However, there is some good news. The X2Y2 price skyrocketed 250% when the company distributed tokens among users of OpenSea. The total number was about 120 tokens for 861,400 addresses. Among other recent news is the addition of the option to accept donations in Ethereum on Twitter. Before that, Bitcoin was the only crypto able to do that. The ETH rate, by the way, also dropped recently due to the overall negative sentiment in the sector.
The NYSE filed to register a trademark for an NFT marketplace. Probably, the NYSE is considering opening a platform for trading non-fungible tokens in the future. The information we’ve got says that the NFT format should be considered a serious financial instrument, although no one initially thought this way.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 70.8% | 61 | $27 827.13 | 1.19% | -1.41% | $537 868 680 168 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 78.8% | 45 | $1 767.63 | 1.39% | -2.96% | $216 311 335 394 |  |
|
| 3 |  USDT |
Tether predictions | 93.6% | 1 | $1.000701 | -0.02% | -0.23% | $79 077 698 544 |  |
|
| 4 |  BNB |
Binance Coin predictions | 69.6% | 55 | $327.72 | 1.73% | -3.47% | $51 743 768 515 |  |
|
| 5 |  USDC |
USD Coin predictions | 95.2% | 2 | $0.999827 | 0% | -0.02% | $33 886 286 193 |  |
|
| 6 |  XRP |
XRP predictions | 83.6% | 31 | $0.446577 | -3.04% | 13.10% | $22 753 511 437 |  |
|
| 7 |  HEX |
HEX predictions | 64% | 82 | $0.084139 | -6.16% | -3.23% | $14 590 702 808 |  |
|
| 8 |  ADA |
Cardano predictions | 78.8% | 39 | $0.355862 | 0.71% | 1.72% | $12 359 438 439 |  |
|
| 9 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 10 |  MATIC |
Polygon predictions | 74.8% | 45 | $1.095244 | 0.67% | -9.12% | $9 945 329 040 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 75.6% | 42 | $0.074422 | 0.07% | -2.38% | $9 873 616 140 |  |
|
| 12 |  SOL |
Solana predictions | 76.4% | 46 | $20.94 | 1.78% | -5.87% | $8 037 086 883 |  |
|
| 13 |  BUSD |
Binance USD predictions | 93.6% | 1 | $0.999684 | -0.01% | -0.10% | $8 021 813 679 |  |
|
| 14 |  DOT |
Polkadot predictions | 80% | 39 | $6.02 | 1.08% | -8.38% | $7 046 355 080 |  |
|
| 15 |  LTC |
Litecoin predictions | 70.8% | 57 | $93.32 | 1.91% | 8.83% | $6 772 424 245 |  |
