Bitcoin
BTC$43 085.96

-1.06%

Ethereum
ETH$2 995.89

-2.88%

Cardano
ADA$2.19

-2.78%

Tether
USDT$1.000508

-0.01%

Binance Coin
BNB$341.32

-2.13%

XRP
XRP$0.937804

-0.90%

Bitcoin overcame $5700 resistance level


#Bitcoin

Cryptocurrency assets have strengthened at the end of the last working week. On Friday, Bitcoin, and the whole cryptomarket behind it, experienced an rally inspiring. BTC quotes exceeded 5800, but failed to develop growth. Nevertheless, the current decline looks like a natural reversal after the rally. The price of Bitcoin has overcome the resistance level of $ 5,700 and reached the mark of 5,770. Ethereum has strengthened to the level of $ 163, and the XRP slightly decreased to the level of $ 0.3025. The total capitalization of the cryptocurrency market has grown to 183 billion dollars. At the same time, the Bitcoin domination index reached 55%, and this is equal to the value of September 2018. Bitcoin capitalization exceeded a key level of 100 billion dollars. Fundstrat analyst Tom Lee warns that the events around Bitfinex in the short term may have a negative impact on the price of Bitcoin. Other leading analysts believe that the bear market has ended in April of this year, and the price draws similar patterns as in the fall of 2015. In their opinion, Bitcoin, like gold, is one of the safest assets. And as soon as broader markets recognize this fact, the world's first cryptocurrency can surpass its historical maximum, since capital will turn into Bitcoin.

Digital currency exchange Bitfinex considers raising a billion dollars during the initial stock placement of its LEO token. According to white paper, the new token will be released under the LEO ticker and initially offered to a small group of investors. Bitfinex has received confirmation of investors' intentions to purchase tokens for $ 600 million, but if the coins are not fully distributed before May 10, then the remnants can be withdrawn to a wide market. The token is issued to compensate $850 million, which has been frozen in the accounts of the Crypto Capital payment company, and because of what Bitfinex started having issues with the authorities of the State of New York. LEO tokens will be bought by the exchange at market prices on a monthly basis. For these purposes, Bitfinex intends to allocate at least 27% of its profits, but the exchange also reserves the right to buy out coins within a year and a half after the funds have been unfrozen. Issuing a large amount of Bitfinex tokens can lead to a negative impact on the Bitcoin rate.

In our forecast for today, we assume further Bitcoin growth to the levels of 5800, 5830 and 5850 dollars, Ethereum to the levels of 164, 166 and 168 dollars, and XRP to marks of 0.3050, 0.3075 and 0.3100 dollars.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 78.4% 36 $43 085.96 -1.06% -0.99% $811 219 237 866 $31 154 347 636
2 Ethereum (ETH) ETH Ethereum predictions 72.8% 51 $2 995.89 -2.88% -0.73% $352 615 203 825 $19 398 346 385
3 Cardano (ADA) ADA Cardano predictions 66.8% 75 $2.19 -2.78% 4.85% $70 222 973 640 $3 116 899 060
4 Tether (USDT) USDT Tether predictions 96% 1 $1.000508 -0.01% 0.06% $68 577 822 872 $71 068 899 614
5 Binance Coin (BNB) BNB Binance Coin predictions 68.8% 65 $341.32 -2.13% -7.03% $57 388 122 424 $1 555 748 368
6 XRP (XRP) XRP XRP predictions 72.8% 49 $0.937804 -0.90% 1.05% $43 811 978 119 $3 027 320 393
7 Solana (SOL) SOL Solana predictions 69.6% 66 $140.97 2.76% 1.92% $41 927 787 826 $2 899 305 540
8 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $1.000382 0.02% 0.01% $31 131 613 966 $3 198 579 010
9 Polkadot (DOT) DOT Polkadot predictions 68.8% 69 $28.28 -3.69% -2.07% $27 931 334 671 $1 725 163 950
10 Dogecoin (DOGE) DOGE Dogecoin predictions 66.4% 70 $0.203144 -1.88% -4.12% $26 705 464 939 $865 252 649
11 Terra (LUNA) LUNA Terra predictions 67.6% 59 $38.33 7.47% 37.20% $15 331 923 428 $1 698 547 134
12 Avalanche (AVAX) AVAX Avalanche predictions 58.8% 85 $68.09 0.67% 14.92% $14 998 801 484 $1 254 781 240
13 UniSwap (UNI) UNI UniSwap predictions 65.2% 70 $22.95 -6.14% 7.70% $14 034 322 529 $1 164 508 712
14 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $1.000300 0.02% 0.02% $13 519 244 531 $5 111 421 269
15 Chainlink (LINK) LINK Chainlink predictions 63.6% 70 $23.60 -5.17% -1.55% $10 736 258 209 $1 106 679 987

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