Bitcoin
BTC$65 236.35

3.83%

Ethereum
ETH$3 483.12

3.19%

Tether
USDT$1.000616

0.04%

Binance Coin
BNB$579.07

3.20%

Solana
SOL$162.09

5.20%

XRP
XRP$0.615935

14.09%

Cryptomarket goes down on accusations against Bitfinex


April 2019

On Friday, the main cryptocurrencies went down amid fraud allegations made by the New York prosecutor of the digital exchange Bitfinex. The cryptoexchange is accused of hiding a loss of $ 850 million, including that belonging to customers of the exchange. The exchange itself categorically denies these allegations, but the news still caused a sharp decline in the price of Bitcoin.

Besides, Bitwise Asset Management agency has submitted a report on cryptocurrency exchanges to the US Securities and Exchange Commission recently. It has been stated in the report that 95% of trading on unregulated cryptoexchanges is fictitious.

Also, a warning was recently issued issued by the SEC Investor Education and Investor Protection Office and the CFTC Customer Relations and Training Office. The warning says that employees of both agencies watched fraudulent investment projects that claim to be engaged in “digital assets or cryptocurrency”. In some cases, representatives of such companies claim that they can invest clients' funds in special trading cryptocurrency systems or mining farms.

Bitcoin collapsed more than $ 500 in just two hours, falling below $ 5000, but then bounced up and lost about 5% since the beginning of the day. Ethereum by this time fell by 6.97% - up to 152.2 dollars, its capitalization reached $ 16.4 billion. XRP per day weakened by 1.01% - to $ 0.295 with a capitalization of $ 12.3 billion. Litecoin fell by 3.37% - to 71.6 dollars with a capitalization of 4.5 billion dollars.

The total capitalization of the virtual currency market was $ 170.3 billion. At the same time, the positive news for digital assets was the message that Nike is preparing to launch its own cryptocurrency, available to all users of its products.

From other news. The BTC futures trading volume on the Chicago Mercantile Exchange yesterday reached upto $ 279.65 million. This outweighs the similar indices in all spot markets, according Bitwise Asset Management report. In summary, the daily bitcoin spot trading volume has reached upto $ 600.62 million, of which $ 255 million accounted for the Binance exchange, $80 million and $70 on Coinbase and Kraken respectively.

According to financial scouts, the decline in the crypto market will continue in the short term. Bitcoin can fall in price to 5050 dollars, Ethereum - up to 150 dollars, XRP - up to 0.29 dollars, and Litecoin - up to 71 dollars. Despite the decline in the cryptocurrency market, its participants still have good chances to make money on the movement of quotations.


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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 74.8% 44 $65 236.35 3.83% 11.07% $1 286 904 144 589 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 76.4% 50 $3 483.12 3.19% 12.82% $418 745 103 273 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.8% 1 $1.000616 0.04% 0.05% $113 294 326 133 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78.8% 43 $579.07 3.20% 11.00% $85 460 275 696 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 80.8% 36 $162.09 5.20% 12.68% $75 238 706 990 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 77.2% 41 $0.615935 14.09% 40.49% $34 372 438 638 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $1.000157 0.03% 0.01% $33 991 611 940 USDC 7 days price change
8 Toncoin (TON) TON Toncoin predictions 88.4% 14 $7.27 -1.31% -1.07% $18 273 152 177 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 70.8% 54 $0.125525 4.26% 14.92% $18 220 028 521 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 78.8% 37 $0.446359 3.82% 16.01% $16 018 056 181 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 74.8% 44 $0.134539 0.93% 3.58% $11 719 593 309 TRX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 80.8% 36 $0.000019 3.17% 15.78% $11 356 605 188 SHIB 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 78% 42 $28.72 6.68% 7.40% $11 336 759 087 AVAX 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 94.4% 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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