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 | 65.6% | 74 | $30 425.86 | 1.89% | -1.92% | $579 391 415 566 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 66.4% | 75 | $2 090.50 | 3.30% | -10.78% | $252 573 435 663 | ||
3 | ![]() |
Tether predictions | 96% | 1 | $0.998912 | 0.01% | -0.09% | $75 669 699 902 | ||
4 | ![]() |
USD Coin predictions | 96% | 1 | $1.000223 | -0.04% | 0.04% | $52 257 588 805 | ||
5 | ![]() |
Binance Coin predictions | 65.6% | 71 | $306.01 | 2.69% | -4.14% | $49 964 118 179 | ||
6 | ![]() |
XRP predictions | 66.8% | 66 | $0.437623 | 3.58% | -14.80% | $21 156 072 907 | ||
7 | ![]() |
Cardano predictions | 68.8% | 66 | $0.578106 | 3.81% | -8.07% | $19 504 744 967 | ||
8 | ![]() |
Solana predictions | 63.2% | 76 | $57.15 | 6.48% | -14.37% | $19 281 004 281 | ||
9 | ![]() |
Binance USD predictions | 96% | 1 | $1.001801 | 0.23% | 0.21% | $18 227 343 147 | ||
10 | ![]() |
Dogecoin predictions | 62.4% | 73 | $0.090213 | 2.70% | -16.84% | $11 968 648 400 | ||
11 | ![]() |
Polkadot predictions | 67.2% | 74 | $11.03 | 3.86% | -2.85% | $10 897 183 478 | ||
12 | ![]() |
Avalanche predictions | 66.4% | 75 | $34.41 | 5.51% | -22.75% | $9 258 886 148 | ||
13 | ![]() |
Wrapped Bitcoin predictions | 67.2% | 74 | $30 467.72 | 2.06% | -1.79% | $8 633 147 111 | ||
14 | ![]() |
TRON predictions | 71.6% | 60 | $0.072292 | 4.60% | -6.07% | $7 059 564 799 | ||
15 | ![]() |
SHIBA INU predictions | 64.8% | 75 | $0.000013 | 4.67% | -22.56% | $6 893 647 644 |
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