Bitcoin
BTC$49 193.22

-7.23%

Ethereum
ETH$4 116.36

-1.41%

Binance Coin
BNB$561.89

-4.29%

Tether
USDT$1.001881

0.18%

Solana
SOL$196.65

-3.68%

Cardano
ADA$1.39

-8.99%

Multidirectional dynamics on cryptomarket


February 2019

Yesterday, multidirectional dynamics were observed in the virtual currency market. Bitcoin fell to the level of 3690. The price of Ethereum slightly increased and amounted to 123 dollars. XPR also rose and reached a level of 0.3040. Ethereum again went around the XRP capitalization, and regained second place in the CoinMarketCap ranking.

The rates of the major digital currencies were rising mostly on the reason of statements by the representative of the Securities and Exchange Commission of the USA about the prospects for the implementation of Bitcoin-ETF. According to him, the application for the launch of the fund will be approved as soon as it begins to meet all the standards established by US securities legislation.

The American company Reality Shares submitted an application to the US Securities and Exchange Commission to create an exchange-traded investment fund, which provides partial access to Bitcoin futures. The new fund will provide access to fiat and widely distributed virtual currencies, 15% of assets are planned to be invested in Bitcoin futures. This restriction distinguishes this fund from full-scale cryptocurrency ETFs, which may contribute to the approval of the application by the Commission. The introduction of Bitcoin-ETF can attract large traders to the market, and therefore is a prerequisite for its recovery.

Yesterday, the Lower House of the Italian Parliament considered and adopted a bill that defines the basic terms of the blockchain industry. In the future, parliamentarians will have to work out the legal criteria for smart contracts and operations with virtual currencies. Creating regulatory frameworks for the digital asset market will increase trader confidence and give potential for cryptocurrency growth.

Today, a moderate recession can occur in the cryptocurrency market. Bitcoin may drop to support levels of 3670, 3640 and $ 3,600. Support for Ethereum can range at $ 120, 117 and $ 115. The price of XRP can fall to the levels of 0.3010, 0.2980 and 0.2950 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 71.6% 50 $49 193.22 -7.23% -9.28% $929 329 350 425 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 81.2% 36 $4 116.36 -1.41% 2.01% $488 235 923 439 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 80.8% 32 $561.89 -4.29% -4.45% $93 723 146 872 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 94.4% 1 $1.001881 0.18% 0.13% $74 297 173 480 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 71.6% 62 $196.65 -3.68% 5.13% $60 103 456 849 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 67.2% 72 $1.39 -8.99% -7.87% $46 392 712 007 ADA 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 91.2% 2 $1.000412 0.03% 0.07% $40 042 314 055 USDC 7 days price change
8 XRP (XRP) XRP XRP predictions 68% 66 $0.833702 -8.59% -10.36% $39 390 183 603 XRP 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 63.2% 76 $28.88 -12.51% -15.64% $28 521 499 285 DOT 7 days price change
10 Terra (LUNA) LUNA Terra predictions 68% 62 $72.27 18.51% 68.39% $28 015 046 896 LUNA 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 67.2% 73 $0.173763 -11.84% -13.14% $23 003 781 874 DOGE 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 63.2% 75 $90.60 -13.00% -15.64% $21 989 955 830 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 65.2% 76 $0.000036 -8.82% -3.38% $19 811 050 065 SHIB 7 days price change
14 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 59.2% 86 $0.599768 -2.91% -17.36% $15 151 941 276 CRO 7 days price change
15 Binance USD (BUSD) BUSD Binance USD predictions 94.8% 1 $1.000770 0.14% 0.03% $13 610 910 664 BUSD 7 days price change

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