Bitcoin
BTC$27 060.57

2.57%

Ethereum
ETH$1 675.53

3.68%

Tether
USDT$1.000845

0.16%

Binance Coin
BNB$216.29

1.61%

XRP
XRP$0.508986

2.05%

USD Coin
USDC$1.000627

0.06%

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 90.8% 2 $27 060.57 2.57% 1.46% $527 654 007 369 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90% 5 $1 675.53 3.68% 4.95% $201 459 487 311 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $1.000845 0.16% 0.08% $83 346 901 195 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 91.6% 4 $216.29 1.61% 2.38% $33 275 819 779 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 92.4% 9 $0.508986 2.05% -0.02% $27 135 264 539 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000627 0.06% 0.04% $25 546 311 582 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 82.8% 24 $0.088277 4.40% 6.03% $8 975 631 926 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 94.4% 6 $0.252515 3.14% 2.93% $8 870 464 805 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 91.2% 4 $0.061846 1.83% 0.18% $8 732 826 301 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 88.8% 20 $20.21 5.47% 2.45% $8 344 217 667 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 82.8% 22 $0.088719 4.86% 6.27% $7 903 170 455 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 62.8% 84 $2.23 2.50% -3.09% $7 667 083 649 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 95.6% 1 $0.999875 0.01% 0.01% $5 347 220 318 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 90.8% 7 $4.10 1.87% 1.81% $5 032 931 540 DOT 7 days price change

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