Bitcoin
BTC$36 573.27

0.47%

Ethereum
ETH$2 395.04

-1.19%

Tether
USDT$1.000293

-0.01%

Binance Coin
BNB$384.43

4.84%

USD Coin
USDC$1.000240

-0.02%

Cardano
ADA$1.021485

-1.64%

Funds outflow from Bitfinex amounted to $585 million


May 2019

Cryptocurrency assets recovered on Tuesday after falling over the weekend. The price of Bitcoin rose to the resistance level of $ 5,300, Ethereum reached $ 159, and XRP rose to the level of 0.3100.

According to some estimates, the net outflow of funds from the Bitfinex cryptocurrency exchange in recent days amounted to 585 million dollars. The reason for the active withdrawals of the funds was the US government charge of using the Tether token to cover losses. Bitfinex is the second largest cryptocurrency marketplace in the world, and its bankruptcy can lead to serious negative consequences for the entire industry. Yesterday there was information that Bitfinex is going to release its own token and raise a billion dollars in Tether. In addition, Bitfinex CFO said that the company needed only a couple of weeks to resolve all financial problems.

The second largest stock exchange in the world, the Nasdaq, will begin to display an index based on the third-largest digital currency XRP. The launch of the index on the Nasdaq today. The XRP Liquid Index will be based on the spot prices of the XRP token expressed in US dollars. Information about the market value of the asset will be delivered in real time from the most liquid markets. At the moment, these are Bitfinex, Bitstamp and Poloniex platforms, and later Kraken and Coinbase will be added to this list. In February, the Nasdaq has already launched similar indexes based on Bitcoin and Ethereum. In addition, information has recently appeared that the Nasdaq is presumably testing the possibility of trading in Bitcoin derivatives.

In our forecast for Wednesday, we expect further Bitcoin growth to the levels of 5330, 5350 and 5380 dollars, strengthening of Ethereum to 160, 162, 165 dollars, and XRP growth to the levels of 0.3125, 0.3150 and 0.3200 dollars.


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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% 46 $36 573.27 0.47% -6.15% $692 773 893 848 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 70.4% 61 $2 395.04 -1.19% -16.58% $285 835 747 014 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $1.000293 -0.01% 0.01% $78 191 524 513 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 70% 65 $384.43 4.84% -10.35% $63 475 748 701 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $1.000240 -0.02% -0.01% $49 498 522 885 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 67.2% 64 $1.021485 -1.64% -17.20% $34 273 904 637 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 71.6% 53 $0.597685 -1.25% -13.61% $28 531 643 354 XRP 7 days price change
8 Solana (SOL) SOL Solana predictions 70% 67 $88.80 -1.31% -28.10% $27 969 104 592 SOL 7 days price change
9 Terra (LUNA) LUNA Terra predictions 64% 73 $51.75 -12.95% -33.42% $20 738 133 252 LUNA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 67.2% 64 $0.139470 -1.37% -9.41% $18 503 534 354 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 64.4% 68 $17.73 -0.38% -21.02% $17 511 259 626 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 65.2% 66 $63.16 -1.55% -17.40% $15 464 065 622 AVAX 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 92.8% 1 $1.000132 0.02% 0.10% $14 845 895 746 BUSD 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 64.4% 73 $1.61 2.39% -15.17% $12 008 916 581 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 66.8% 68 $0.000021 0.64% -19.59% $11 390 172 652 SHIB 7 days price change

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