Bitcoin$48 824.18


Ethereum$2 187.14


Binance Coin
Binance Coin$478.00








Price predictions

The long-awaited growth of cryptomarket

11 Feb 2019   #XRP

At the end of the previous week, the market of virtual currencies has grown after a long decline. Bitcoin was trading at $ 3,700. The price of Ethereum increased to $ 120, and the cost of XPR was $ 0.3085.

In the morning, virtual currencies were trading in a moderate lateral range, but in the afternoon there was a jerk. Bitcoin has risen up, added about 12% during just several hours  and reached the level of $ 3,800, followed by other cryptocurrencies. The reason for the growth was a fragment of an interview published on Twitter by one of the four commissioners of the SEC of the US, Robert Jackson, who said that the regulator could still allow the launch of an ETF for Bitcoin. Meantime, the Commission has about 240 days to decide finally on the application for the introduction of Bitcoin-ETF, and a lot can change during this time .

According to the forecast of the Fundstrat Global Advisors analytical agency, quite soon, a fall in the dollar and more solid results on the stock markets of developing countries can impact positively on the price of virtual currencies. Besides, financial experts expect a rise in the institutional investors'activity on cryptocurrency market, especially in custodial products and over-the-border trading. Moreover, the impetus for higher demand for cryptocurrencies from investors may be support for plastic cards on Binance cryptoexchange, the possible achievement of a critical mass in the Lightning Network, and access to IPOs of such major companies as Bitmain and Bitfury. One more positive sign for the industry may be the reduction in trading volumes on BitMEX derivatives exchange.

In our forecast for Monday we expect a downward correction in the virtual currency market. Bitcoin may decline to support levels of 3640, 3600 and 3570 dollars. Ethereum support levels can be 117, 115 and 112 dollars. The price of XPR may drop to 0.3060, 0.3030 and 0.3000 dollars.

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.