Bitcoin
BTC$64 158.52

-5.39%

Ethereum
ETH$3 293.13

-7.47%

Tether
USDT$0.999409

0.05%

Solana
SOL$179.39

-13.15%

Binance Coin
BNB$515.41

-8.38%

XRP
XRP$0.590443

-3.01%

Cryptomarket declines after hacker attack on Binance


May 2019

Growth impulse this week allowed BTC to overcome the $ 5,800 mark, which since the end of 2017 has acted as an important support - and this is a good bullish signal. From the side of technical analysis, Bitcoin can meet with little resistance, up to $ 6050- $ 6250. Digital cryptocurrency fell almost non-stop from $ 6,250 to $ 3,500. Most often this suggests that recovery can also occur without significant leads in the path of growth. However, in the area above $ 6050 there are already a number of important levels. If the market gets stuck in them, this will be the first signal of worsening prospects. Bitcoin is approaching an important psychological mark of $ 6000. According to CoinMarketCap, the first cryptocurrency showed a maximum of $ 5982 on Tuesday. For the week since the beginning of May, Bitcoin has already added 12%.

On Wednesday, the main cryptocurrency is declining in price amid reports of a hacker attack on the Binance cryptoexchange on May 7. This cryptoexchange has lost more than 41 million dollars in bitcoins, the withdrawal of digital currency of time has been suspended and unscheduled technical work has begun on the platform. Binance cryptocurrency exchange reported a loss of 7000 BTC ($ 40.5 million) due to a hacker attack. According to representatives of Binance, yesterday, May 7, a “serious breach in the security system” of the marketplace was discovered. The company stressed that hackers managed to get access only to the “hot” wallet, which kept about 2% of the funds. A total of 7,000 BTC were withdrawn. Currently, the exchange is going to conduct a comprehensive security audit, which, according to preliminary estimates, can take about a week. During this time, I / O funds will be unavailable, but trade will continue as usual.

To cover the losses, noted in Binance, funds will be used from the fund #SAFU created in the middle of last year, to which the exchange sends 10% of the total volume of trade commissions.

After this event, the Bitcoin rate at 11.30, according to Libertex, fell by 0.98% over the day to 5,823 dollars with a capitalization of 104.2 billion dollars. An additional negative for this cryptocurrency was the message that the leading manufacturer of mining equipment Bitmain reduced the amount of computing power for bitcoin mining by 88%. Ethereum by this time fell in price by 4.76% - to 167.8 dollars with a capitalization of 18.1 billion dollars. XRP weakened by 1.32% to $ 0.299, its capitalization was $ 12.6 billion. Litecoin per day became cheaper by 4.08% and dropped to 72.9 dollars with a capitalization of 4.6 billion dollars.

The total capitalization of the crypto market was $ 185.1 billion. According to financial analysts, the fall in the rates of crypowers may continue in the short term after another evidence of the vulnerability of digital trading platforms to hackers. Bitcoin can fall in price to $ 5,750, Ethereum - up to $ 165, XRP - up to $ 0.29, and Litecoin - up to $ 72.


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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 66.4% 75 $64 158.52 -5.39% -10.80% $1 261 248 113 536 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.8% 69 $3 293.13 -7.47% -17.83% $395 430 984 754 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $0.999409 0.05% -0.09% $103 556 936 151 USDT 7 days price change
4 Solana (SOL) SOL Solana predictions 61.6% 79 $179.39 -13.15% 18.30% $79 627 852 258 SOL 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 58.4% 90 $515.41 -8.38% -2.73% $77 072 765 613 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 68.8% 60 $0.590443 -3.01% -15.03% $32 356 386 856 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 95.6% 2 $1.000008 0% 0.01% $31 328 635 187 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 63.6% 76 $0.617297 -8.59% -17.19% $21 954 351 712 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 62% 73 $57.23 -5.30% 20.60% $21 593 794 168 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 58.4% 89 $0.130659 -10.26% -23.41% $18 753 310 664 DOGE 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 58.8% 94 $0.000025 -8.23% -21.57% $14 976 749 268 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 68% 69 $3.79 -1.80% 6.60% $13 149 340 282 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 62% 87 $9.05 -11.08% -15.38% $12 879 745 483 DOT 7 days price change
14 TRON (TRX) TRX TRON predictions 88.8% 19 $0.118409 -6.02% -10.42% $10 399 825 289 TRX 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84.8% 20 $0.117955 -6.54% -10.97% $10 359 849 114 WTRX 7 days price change

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