Bitcoin
BTC$23 363.14

-0.03%

Ethereum
ETH$1 868.52

1.92%

Tether
USDT$0.999977

-0.01%

USD Coin
USDC$0.999951

0.01%

Binance Coin
BNB$303.33

-1.00%

XRP
XRP$0.378717

0.24%

Tether supported by only 74% dollar reserves


May 2019

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 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 87.2% 11 $23 363.14 -0.03% -2.65% $446 823 684 066 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.2% 54 $1 868.52 1.92% -0.51% $227 993 947 896 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $0.999977 -0.01% -0.04% $67 547 880 122 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $0.999951 0.01% 0.01% $52 853 692 355 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 70.4% 61 $303.33 -1.00% -6.38% $48 938 685 508 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 89.2% 10 $0.378717 0.24% -0.28% $18 700 123 577 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 92% 1 $0.999950 0.02% 0.01% $18 538 747 093 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 84.8% 27 $0.528389 -1.39% -0.64% $17 930 371 507 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 80.8% 32 $40.86 0.98% -4.45% $14 252 057 103 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 84.8% 29 $0.077619 -3.50% 9.27% $10 297 802 123 DOGE 7 days price change
11 Lido stETH (STETH) STETH Lido stETH predictions 92.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
12 HEX (HEX) HEX HEX predictions 70.4% 62 $0.055681 -5.02% -9.31% $9 655 716 850 HEX 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 75.2% 51 $8.39 -0.08% -8.83% $9 297 483 290 DOT 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 76.4% 44 $0.000014 -4.14% 15.33% $7 806 235 316 SHIB 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 82% 24 $0.893855 1.02% -2.98% $7 188 492 292 MATIC 7 days price change

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