Bitcoin
BTC$60 907.24

2.74%

Ethereum
ETH$3 249.66

1.95%

Tether
USDT$1.000483

0.01%

Binance Coin
BNB$545.47

2.44%

Solana
SOL$147.48

3.98%

USD Coin
USDC$1.000054

-0.01%

Bitcoin rose to the level of $6000


May 2019

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 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 72.4% 48 $60 907.24 2.74% 7.95% $1 201 110 545 769 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 77.6% 46 $3 249.66 1.95% 10.59% $390 660 724 581 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000483 0.01% 0.06% $112 521 291 389 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 74.8% 48 $545.47 2.44% 10.66% $80 502 405 442 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 83.6% 25 $147.48 3.98% 10.54% $68 439 891 003 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 95.2% 1 $1.000054 -0.01% 0.01% $33 955 441 106 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 82.4% 29 $0.529085 0.59% 25.61% $29 525 795 272 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 82% 27 $7.39 1.21% 3.73% $18 514 454 508 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 73.6% 54 $0.115147 2.08% 10.19% $16 709 822 671 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 78.8% 36 $0.433919 -1.12% 24.20% $15 569 472 122 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 80.8% 37 $0.137615 -1.83% 10.19% $11 989 577 434 TRX 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 74.4% 48 $26.45 1.86% 2.73% $10 436 162 041 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 74.4% 42 $0.000018 1.88% 12.93% $10 321 337 154 SHIB 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 91.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 92% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

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