Bitcoin
BTC$49 930.71

-0.82%

Ethereum
ETH$4 398.34

2.40%

Binance Coin
BNB$604.70

5.45%

Tether
USDT$0.999730

0%

Solana
SOL$191.21

1.34%

Cardano
ADA$1.37

0.31%

Cryptocurrencies decline again as part of the downward trend


March 2019

The main cryptocurrencies on Friday once again go down, resuming the fall in the framework of the strong downward trend on the market. Digital assets ignored a number of fairly positive news, preferring to focus on technical factors. So, good news for the market could be the message that the New Zealand cryptocurrency exchange Cryptopia, previously subjected to a massive hacker attack, officially resumed its work.

In addition, Jack Dorsey, CEO of the Square payment platform, said that he was going to hire blockchain developers and pay for their work with bitcoins.

Since December 2018, Bitcoin has twice tested the resistance level by $ 4,200 and 3 times higher than $ 4K. After a couple of attempts to overcome $4200, the bitcoin rate fell down to $ 3,700 - $ 3,900. Probably, BTC could not keep up the momentum due to the insufficiently high level of inflow of funds, as well as volume in the market. Thus, some traders believe that if Bitcoin fails to demonstrate a rally above $ 4,200 - $ 4,600 shortly, there is a high possibility that the digital asset will fall back into the support area by $ 3,500.

Over the previous week, the bitcoin price has risen from $ 901 to $4048, that is, almost 4% against the US dollar. The relatively strong short-term performance of Bitcoin led to the fact that alternative cryptocurrencies showed a remarkable increase in the dynamics of growth, allowing the total capitalization of the crypto market to grow by almost $ 7 billion.

At 10.00, the Bitcoin rate, according to Libertex, per day fell in price by 1.56% to $ 3,962 with a capitalization of $ 70.8 billion. Ethereum by this time fell by 2.45% - to 134.9 dollars with a capitalization of 14.4 billion dollars. XRP for the day lost 3.9% and dropped to $ 0.308, its capitalization reached 12.9 billion dollars. Some support for this cryptocurrency was the message that the digital exchange Rain from Bahrain, operating under Sharia law, starts XRP trading. Litecoin weakened by 2.76% to $ 157.9 with a capitalization of $ 3.6 billion.

The total capitalization of the crypto market has reached $ 139 billion. According to financial scouts, in the short term, cryptocurrencies will continue to decline. Bitcoin can drop to $ 3900, Ethereum - to $ 131-132, XRP - to $ 0.3, and Litecoin - to $ 155.

The market always serves as a means of transferring money from the impatient to the patient. Regardless of whether Bitcoin can overcome resistance levels, or fall to the lower limit of the $ 3,000 range, traders expect a high level of volatility due to a noticeable increase in cryptocurrency market volumes.


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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 $49 930.71 -0.82% -12.44% $943 470 946 757 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 80% 39 $4 398.34 2.40% -4.02% $521 916 919 372 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 78.8% 35 $604.70 5.45% -2.89% $100 865 065 822 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 93.6% 1 $0.999730 0% -0.14% $76 305 698 656 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 70.4% 61 $191.21 1.34% -15.62% $58 767 135 668 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 60.8% 77 $1.37 0.31% -11.42% $45 843 582 011 ADA 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92.8% 2 $0.999084 0.05% -0.12% $41 003 048 789 USDC 7 days price change
8 XRP (XRP) XRP XRP predictions 68% 65 $0.853317 5.14% -12.95% $40 316 898 132 XRP 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 64% 70 $29.04 -1.01% -20.13% $28 675 211 460 DOT 7 days price change
10 Terra (LUNA) LUNA Terra predictions 63.6% 75 $74.31 8.29% 16.04% $28 302 225 841 LUNA 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 69.6% 65 $0.177706 0.12% -14.26% $23 535 429 066 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 65.6% 77 $91.59 3.37% -22.82% $22 238 588 785 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 60% 79 $0.000037 0.47% -14.04% $20 134 542 687 SHIB 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 66.8% 70 $2.33 1.51% 10.74% $16 487 352 139 MATIC 7 days price change
15 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 60% 78 $0.609756 -1.35% -15.04% $15 404 283 513 CRO 7 days price change

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