Bitcoin
BTC$47 196.24

-0.90%

Ethereum
ETH$3 398.91

-4.99%

Cardano
ADA$2.35

-2.73%

Binance Coin
BNB$409.43

-3.42%

Tether
USDT$1.000772

0.01%

XRP
XRP$1.072339

-2.16%

Bitcoin rose to the level of $6000


#Bitcoin

The sharp rise in the price of Bitcoin, which almost reached a key resistance level of $ 6,000, continued on Tuesday. Ethereum fell to a level of $ 173, and XRP reached $ 0.3210.

The New York State Supreme Court ordered Bitfinex to provide the state attorney’s office documents relating to the loss of access to funds of $ 850 million, and upheld a prescription that prevents Tether from using its reserves for lending to the stock exchange or other investment activities. At the same time, the court left open the question of whether the steakblokoy USDT is a security and demanded that the prosecutor’s office conduct a more thorough investigation in the light of the fact that the company is not a bank and, accordingly, does not fall under banking regulation. This case is quite interesting from the point of view of legal contact between cryptocurrency and the traditional banking system, and a court decision can cause certain consequences, both negative and positive, for the digital assets industry.

The Central Bank of Iran is developing its own platform to ensure the creation of a common standard for the use of blockchains in the country. The Central Bank also wants to reduce the cost of developing solutions for the blockchain, allowing Iranian banks and other financial organizations to test and implement the technology on a larger scale. Tough sanctions, reintroduced by the United States against Iran in the recent past, have accelerated the process of developing their own blockchain. The platform developers are creating a solution that will allow the Central Bank of Iran to distribute and initiate the implementation of its instructions using smart contracts and promote maximum transparency of financial institutions. It is expected that client identification protocols will not be activated until March 2020.

Financial Corporation Fidelity Investments, one of the largest asset management companies in the world, will launch a cryptocurrency trading platform for institutional investors within a few weeks. Observers are confident that as soon as institutional capital begins to enter the crypto market through the Fidelity platform, the rate of the largest digital asset BTC will jump at least $ 2,000. It is not excluded that such an option, when the turnovers of big business on trading floors will add more impressive rates than experts expect. In this case, the course of Bitcoin can jerk to new heights.

In our forecast for Wednesday, we expect a reversal and correctional reduction in the Bitcoin price to support levels of 5950, 5900 and 5850 dollars, as well as a decrease in Ethereum to 172, 170, 168 dollars, and XRP to levels of 0.3200, 0.3175 and 0.3150.


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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 86.8% 25 $47 196.24 -0.90% 3.21% $888 165 398 031 $28 837 572 321
2 Ethereum (ETH) ETH Ethereum predictions 73.6% 52 $3 398.91 -4.99% 2.10% $399 589 395 021 $18 208 097 601
3 Cardano (ADA) ADA Cardano predictions 70.8% 64 $2.35 -2.73% -2.59% $75 328 517 583 $2 502 610 105
4 Binance Coin (BNB) BNB Binance Coin predictions 63.6% 70 $409.43 -3.42% 0.29% $68 840 128 039 $1 526 352 217
5 Tether (USDT) USDT Tether predictions 95.2% 1 $1.000772 0.01% 0.06% $68 306 683 609 $68 957 512 774
6 XRP (XRP) XRP XRP predictions 71.6% 54 $1.072339 -2.16% -0.49% $49 994 826 614 $3 103 899 431
7 Solana (SOL) SOL Solana predictions 60.4% 90 $141.39 -8.05% -21.59% $41 967 915 927 $4 484 230 918
8 Polkadot (DOT) DOT Polkadot predictions 62% 81 $33.64 -3.04% 13.14% $33 221 971 526 $2 377 880 173
9 Dogecoin (DOGE) DOGE Dogecoin predictions 68% 66 $0.241295 0.66% -1.25% $31 687 836 517 $2 275 287 430
10 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000646 0.05% 0.04% $29 328 222 348 $2 841 145 920
11 UniSwap (UNI) UNI UniSwap predictions 69.2% 57 $24.44 -7.08% 8.72% $14 946 944 071 $538 878 731
12 Avalanche (AVAX) AVAX Avalanche predictions 66% 69 $64.90 -2.78% 33.59% $14 296 604 632 $2 005 002 749
13 Terra (LUNA) LUNA Terra predictions 65.2% 67 $35.17 -7.63% -14.27% $14 128 224 406 $1 175 443 764
14 Binance USD (BUSD) BUSD Binance USD predictions 94.4% 1 $1.000776 0.04% 0.07% $12 836 275 840 $5 753 613 485
15 Chainlink (LINK) LINK Chainlink predictions 71.6% 57 $28.11 -6.49% 3.99% $12 747 308 610 $1 498 687 851

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