Bitcoin
BTC$28 164.10

0.33%

Ethereum
ETH$1 787.94

1.35%

Tether
USDT$1.001512

0.02%

Binance Coin
BNB$324.78

-3.14%

USD Coin
USDC$0.998760

0.04%

XRP
XRP$0.444871

13.53%

Tight crypto market range as compressed spring


15 Sep 2021

#Bitcoin

The crypto market remains in limbo and resembles a compressed spring at the same time. Bitcoin is trading slightly below $46,000 on Tuesday morning, ending the sluggish slide of the previous six days. Strictly speaking, the cryptocurrency market does not look over-sold to be unequivocally attractive for short- and medium-term buying, but it does show signs of buyer interest. The Cryptocurrency Greed and Fear Index has fallen to the 30, i.e., “Fear”. From these levels, the index began the most active sell-off phase of the crypto market in May. Historically, buying cryptocurrencies was most attractive when the index reversed to a rise from around 10 (with extreme fear).

Cryptocurrency Greed and Fear Index

However, caution is not yet a vital trait for crypto investors. Bitcoin has been methodically gaining support this month on the downside of a simple 200-day moving average, which now passes near $44300. In early August, the rise from this curve has kick-started a 40% rise over the next five weeks.

BTC/USD Daily Chart

Yesterday’s Litecoin momentum illustrates just how fast and strong the move can be on big news. Yesterday, a moment of euphoria was experienced by Litecoin, whose quotations soared by a third to $235 on the news that Walmart would accept the coin as payment. The news turned fake, and the coin quickly returned to previous levels near $173. However, the positive momentum in the coin is worth noting, which has been steadily finding buy support on dips below $170 over the past week, stuck between the 50- and 200-day moving averages.

LTC/USD Daily Chart

In recent days, altcoins have generally looked weaker than bitcoin, allowing the latter to regain some of its lost ground in the overall crypto market capitalisation. And that’s not such a bad sign, as bitcoin is often the first to see a change in trend. The presence of steady buying in the coming days will allow markets to shake off pessimistic expectations from the crypto market and revive positive price momentum amid a protracted lull after the downturn.


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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 75.6% 48 $28 164.10 0.33% 13.02% $544 261 794 571 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82.8% 31 $1 787.94 1.35% 5.81% $218 797 673 934 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.001512 0.02% -0.33% $77 553 405 398 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78% 46 $324.78 -3.14% 5.19% $51 279 077 061 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 95.6% 2 $0.998760 0.04% -0.12% $35 199 682 488 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 86.4% 15 $0.444871 13.53% 20.20% $22 666 568 541 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 64% 80 $0.103499 4.55% 25.69% $17 947 941 823 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74.8% 51 $0.371437 9.28% 9.72% $12 895 992 999 ADA 7 days price change
9 Lido stETH (STETH) STETH Lido stETH predictions 95.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 75.2% 48 $1.14 1.42% -3.43% $9 978 105 668 MATIC 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 72.8% 55 $0.074846 3.43% 1.71% $9 929 845 913 DOGE 7 days price change
12 Solana (SOL) SOL Solana predictions 69.6% 56 $22.51 0.16% 8.87% $8 635 954 598 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $1.000029 0.05% 0.02% $8 119 915 835 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 72% 50 $6.26 1.54% 0.77% $7 311 391 259 DOT 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84% 24 $0.066579 3.00% 0.41% $6 769 516 188 WTRX 7 days price change

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