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Bitcoin Below $20,000; Ether Fails To Break $1,600 Level


KEY POINTS

  • The Fear and Greed Index value is now at 23, which means the market is in “extreme fear”
  • The biggest gainers are SAND, ICP, SHIB and LINK
  • The worst performers are FLOW, FIL, EOS and 1Inch

The crypto market comes on a bullish note Monday as Ether outperformed Bitcoin. ETH rose by 1.41%, while BTC was a tad bullish, up by 0.40%.

In the last 24 hours, Ether failed to break the $1,600 price level, while Bitcoin (BTC) failed to break the $20,000 price region. The price of 1 BTC was $19,859, while the price of 1 ETH was around $1,574 as of 12.59 a.m. ET, according to the data from CoinMarketCap.

Data from Alternative.me revealed the crypto market was in “extreme fear” and uncertainties prevailed in the crypto space. Moreover, the value of the Fear and Greed Index was 23. In the last seven days, Bitcoin has dropped by 0.32%, while Ether has dropped by 8.65%.

Moreover, the maximum price of 1 BTC is predicted to be $35,800.91 by the end of 2022, while the maximum price of 1 ETH is expected to be $4,413.74, according to a PricePredictions chart.

The other top 10 cryptocurrencies were mostly in green. Binance Coin (BNB) was up by 0.14% to $278.45; Cardano (ADA) was up by 0.41% to $0.4979; Polkadot (DOT) was up by 3.80% to $7.58 and Solana (SOL) was up by 2.31% to $32.09. On the other hand, Ripple (XRP) was down by 0.16% to $0.3306.

The best performers in the crypto market were Internet Computer (ICP), which rose by 4.02% to $6.73; Sandbox (SAND), which rose by 5.28% to $0.9794; Shiba Inu (SHIB), which rose by 3.25% to $0.00001274; and Chainlink (LINK), which rose by 5.19% to $7.22.

The worst performers were Flow (FLOW), which was down by 1.76% to $1.93; Eos (EOS), which was down by 2.21% to $1.48, Filecoin (FIL), which was down by 1.72% to $6.21; and 1Inch (1INCH), which was down by 2.06% to $0.6722.

Crypto winter has arrived
crypto winter
Marco Verch Professional Photographer / flickr.com

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