The last bitcoin growth impulse confirmed the break of the downtrend: the chart confidently rebounded from the former upper limit of the downtrend trading range. However, as before in March, a consolidation above the previous highs in the area of $45K is required to confirm a break in the trend. As Ethereum dropped to a 10-day low, traders started buying put options in anticipation of the second cryptocurrency falling to $2,200.
On March 14, the European Parliament will approve the final version of the bill on the regulation of cryptocurrencies without wording that could be interpreted as a potential ban on bitcoin mining. US President Biden will also sign an executive order to regulate cryptocurrencies this week.
The focus may be on tracking transactions and preventing circumvention of US sanctions. The cost of bitcoin in rubles has updated its historical highs, exceeding 5 million rubles. Bitcoin was not so expensive even in April and November 2021, when its price in dollars exceeded $60,000.
In general, the benchmark cryptocurrency has jumped by 8.7% over the past day, to 41,450. Ethereum has added 7.9% over the same time, while other leading altcoins from the top ten show growth from 3.3% (XRP) to 21% (Terra). According to CoinMarketCap, the total capitalization of the crypto market grew by 6.9% over the day, to $1.83 trillion. The dominance index jumped to 43%.
The Cryptocurrency Fear and Greed Index rose 1 point to 22, remaining in "extreme fear" territory.Bitcoin was bought on the decline to $38K, and the move to $40K on Wednesday morning caused a surge in buying, probably associated with the closing of part of the short positions, quickly bringing the rate to current values.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 60% | 78 | $22 830.69 | -4.00% | -0.52% | $440 116 562 399 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 62% | 83 | $1 567.24 | -4.81% | -3.79% | $191 789 399 777 | ||
3 | ![]() |
Tether predictions | 96% | 1 | $1.000078 | 0% | -0.01% | $67 781 342 385 | ||
4 | ![]() |
Binance Coin predictions | 71.6% | 62 | $307.00 | -3.30% | 0.45% | $48 475 686 080 | ||
5 | ![]() |
USD Coin predictions | 95.6% | 1 | $1.000097 | 0% | 0.02% | $42 712 574 255 | ||
6 | ![]() |
XRP predictions | 68.4% | 65 | $0.394679 | -4.64% | -7.19% | $20 051 109 625 | ||
7 | ![]() |
Binance USD predictions | 93.2% | 1 | $1.000027 | -0.04% | -0.01% | $15 732 612 269 | ||
8 | ![]() |
Cardano predictions | 63.6% | 72 | $0.372216 | -6.14% | -0.88% | $12 876 317 286 | ||
9 | ![]() |
Dogecoin predictions | 70% | 64 | $0.088159 | -2.33% | -0.57% | $11 696 160 812 | ||
10 | ![]() |
Lido stETH predictions | 91.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
11 | ![]() |
Polygon predictions | 65.6% | 73 | $1.086506 | -7.74% | 9.11% | $9 489 885 842 | ||
12 | ![]() |
Solana predictions | 56.8% | 94 | $23.94 | -8.40% | -1.81% | $8 897 955 616 | ||
13 | ![]() |
Polkadot predictions | 59.2% | 81 | $6.19 | -6.46% | -5.92% | $7 131 777 560 | ||
14 | ![]() |
Litecoin predictions | 70.8% | 55 | $91.25 | -4.07% | 1.30% | $6 585 562 085 | ||
15 | ![]() |
Wrapped TRON predictions | 66% | 72 | $0.062203 | -2.41% | -0.99% | $6 324 607 060 |
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