Bitcoin
BTC$47 925.68

0.68%

Ethereum
ETH$3 423.11

0.38%

Cardano
ADA$2.37

0.38%

Binance Coin
BNB$410.57

0.26%

Tether
USDT$1.000627

0.04%

XRP
XRP$1.078025

0.61%

Tether supported by only 74% dollar reserves


#Tether

Cryptocurrency assets traded on Wednesday in different directions. Bitcoin added more than 1% in price and reached resistance of $ 5,400, Ethereum rose to around $ 162, and the price of XRP fell to a level of 0.3060. The total capitalization of the cryptocurrency market amounted to 176 billion dollars.

The company Tether officially confirmed that stablecoin supported by cash reserves only 74%, and customers deliberately were not informed. At the moment, Tether's reserves amount to 2.1 billion dollars with a total token capitalization of 2.8 billion, and the rest of the funds are in the Bitfinex stock exchange. The company's chief lawyer said that all commercial banks have a partial reservation policy, which assumes that only a fraction of user deposits are backed up by cash reserves. Earlier, the New York City Prosecutor’s Office charged Bitfinex with the fact that the stock exchange concealed the fact that it had lost $ 850 million in money, using Tether’s reserves to cover the damage. The operator of the trading platform iFinex Inc. borrowed at least 700 million to cover the deficit, but users were not notified.

Information has appeared that the government of India is again stepping up efforts to completely ban public cryptocurrencies of any kind. Several government departments support the idea of ​​a total ban on all types of activities related to digital assets. Opinions and comments of all departments with which consultations were held will be fully offered to the government of the country in May after the elections.

In our forecast for today, we assume a further appreciation of the Bitcoin rate to the levels of 5400, 5430 and 5450 dollars, Ethereum to the levels of 163, 165, 168 dollars, and the restoration of XRP to the levels of 0.3080, 0.3100 and 0.3150.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 86.4% 18 $47 925.68 0.68% 6.58% $901 951 445 458 $27 919 462 130
2 Ethereum (ETH) ETH Ethereum predictions 76% 50 $3 423.11 0.38% 5.21% $402 491 721 391 $15 553 045 416
3 Cardano (ADA) ADA Cardano predictions 67.2% 67 $2.37 0.38% -7.94% $75 823 653 054 $2 080 207 302
4 Binance Coin (BNB) BNB Binance Coin predictions 68.8% 70 $410.57 0.26% 2.36% $69 032 640 296 $1 283 622 699
5 Tether (USDT) USDT Tether predictions 96% 1 $1.000627 0.04% 0.04% $68 335 359 250 $59 329 429 542
6 XRP (XRP) XRP XRP predictions 72.4% 59 $1.078025 0.61% 0.96% $50 259 931 930 $2 252 778 370
7 Solana (SOL) SOL Solana predictions 57.6% 90 $167.50 13.39% -4.91% $49 743 317 996 $5 600 026 562
8 Polkadot (DOT) DOT Polkadot predictions 59.2% 81 $34.32 2.31% 8.72% $33 890 426 406 $1 838 398 069
9 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 75 $0.241065 -0.37% 0.25% $31 660 952 487 $981 852 553
10 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.000557 0.03% 0.03% $29 403 262 185 $2 112 261 871
11 Avalanche (AVAX) AVAX Avalanche predictions 64.8% 69 $69.31 -5.01% 25.67% $15 268 911 437 $1 827 693 735
12 UniSwap (UNI) UNI UniSwap predictions 71.6% 63 $24.33 -0.87% 8.50% $14 880 383 376 $283 300 955
13 Terra (LUNA) LUNA Terra predictions 68% 64 $35.04 0.38% -9.65% $14 075 024 420 $740 942 492
14 Chainlink (LINK) LINK Chainlink predictions 74.4% 52 $28.27 1.53% 5.94% $12 820 613 105 $1 032 467 819
15 Binance USD (BUSD) BUSD Binance USD predictions 94.4% 1 $1.000531 0.04% 0.04% $12 820 356 340 $4 823 361 344

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