Bitcoin
BTC$38 877.56

-7.74%

Ethereum
ETH$2 846.65

-9.53%

Tether
USDT$1.000201

-0.01%

Binance Coin
BNB$426.69

-8.19%

USD Coin
USDC$0.999831

0%

Cardano
ADA$1.22

-9.99%

A slight pullback on cryptomarket


February 2019

At the end of Wednesday trading in the virtual currency market there was again a slight pullback. Bitcoin fell to around 3,670 dollars, the cost of Ethereum dropped to 125 dollars, and the price of XPR was 0.3045.

QuadrigaCX, the problematic Canadian crypto-exchange, which owed users about $ 190 million, lost another $ 370,000 last week, mistakenly putting more than 100 Bitcoins into a cold wallet without access. This heightened the market’s concerns about the security of cryptocurrency transactions, which was the main reason for yesterday’s recession.

At the beginning of the day, the market was able to grow a little against the background of the announcement of the investment in cryptocurrency of two large pension funds from the United States, which acquired digital assets worth $ 40 million. At the same time, trading volumes on the crypto market are not high, in recent days the figures have fallen to the level of 2017, and the total market capitalization amounted to 121.9 billion dollars.

In March 2019, a number of companies will start launching custodian solutions for virtual currencies, which can intensify the activities of institutional investors. Large traders are likely to enter the market gradually, with their usual care. However, transaction volumes may be sufficient for the growth of Bitcoin and other cryptocurrencies. Against the background of positive dynamics, the influx of traders will increase, and the recovery of the market will go faster.

In our forecast for Thursday we assume a moderate increase in cryptocurrency. We expect Bitcoin to rise to resistance levels of 3690, 3720 and 3750 dollars. Ethereum can grow to 127, 129 and 132 dollars. The price of XPR is able to meet resistance at the levels of 0.3065, 0.3090 and 0.3130 dollars.


Related

The Biggest Ponzi Schemes in the History of Crypto
The Biggest Ponzi Schemes in the History of Crypto
Crypto Volatility Index (CVIX): An Essential Risk Management Tool in Crypto Trading
Crypto Volatility Index (CVIX): An Essential Risk Management Tool in Crypto Trading
The Best Cryptocurrency Trading Bots in 2022
The Best Cryptocurrency Trading Bots in 2022
The Reasons Why 90% of Crypto Traders Lose Money
The Reasons Why 90% of Crypto Traders Lose Money
Top Cryptocurrency Exchanges to Trade on in 2021
Top Cryptocurrency Exchanges to Trade on in 2021
The Best Composition For Your Cryptocurrency Portfolio in 2021
The Best Composition For Your Cryptocurrency Portfolio in 2021
The Reasons Behind the Current Popularity of Play-to-Earn Games
The Reasons Behind the Current Popularity of Play-to-Earn Games
The Bitcoin Experiment in El Salvador: a Modest Success or a Fluke?
The Bitcoin Experiment in El Salvador: a Modest Success or a Fluke?
Bitcoin Blasts Off But the Shadow of Evergrande is Still Looming Over the Crypto Market
Bitcoin Blasts Off But the Shadow of Evergrande is Still Looming Over the Crypto Market

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 70% 62 $38 877.56 -7.74% -7.67% $736 181 998 656 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 63.2% 78 $2 846.65 -9.53% -11.39% $339 462 913 103 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000201 -0.01% -0.02% $78 290 326 799 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 69.6% 56 $426.69 -8.19% -9.55% $70 454 015 232 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $0.999831 0% 0.01% $42 379 408 068 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 72.8% 49 $1.22 -9.99% -1.49% $40 782 615 526 ADA 7 days price change
7 Solana (SOL) SOL Solana predictions 60.4% 87 $121.85 -11.55% -15.01% $38 324 736 333 SOL 7 days price change
8 XRP (XRP) XRP XRP predictions 72.4% 59 $0.687990 -7.42% -9.37% $32 791 736 353 XRP 7 days price change
9 Terra (LUNA) LUNA Terra predictions 72.4% 58 $75.94 -7.53% -1.95% $27 064 805 569 LUNA 7 days price change
10 Polkadot (DOT) DOT Polkadot predictions 76.4% 48 $22.32 -9.11% -15.35% $22 041 526 314 DOT 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 76.4% 50 $0.153582 -6.90% -18.71% $20 375 859 355 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 62.4% 77 $75.42 -11.29% -14.66% $18 427 649 915 AVAX 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 94.4% 1 $1.000463 0.19% 0.09% $14 239 613 244 BUSD 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 66% 68 $0.000026 -8.11% -16.56% $14 062 977 878 SHIB 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 67.6% 62 $1.88 -10.07% -15.01% $13 961 640 892 MATIC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.