Bitcoin
BTC$64 364.24

-0.32%

Ethereum
ETH$3 416.30

-0.72%

Tether
USDT$1.000190

-0.02%

Binance Coin
BNB$570.57

-0.84%

Solana
SOL$156.65

-2.73%

XRP
XRP$0.630018

8.50%

The long-awaited growth of cryptomarket


February 2019

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.


Related

Crypto Markets Fluctuate Amid Traditional Stock Optimism
Crypto Markets Fluctuate Amid Traditional Stock Optimism
XRP Price Prediction for 2025 and 2030: The Resurgence on the Back of Banking Crisis?
XRP Price Prediction for 2025 and 2030: The Resurgence on the Back of Banking Crisis?
Ripple (XRP): Struggling With the Same Resistance
Ripple (XRP): Struggling With the Same Resistance
Ripple (XRP) Remains Range-Bound Despite the Brief Rally
Ripple (XRP) Remains Range-Bound Despite the Brief Rally
Ripple (XRP): Predicted Fall After Double Top
Ripple (XRP): Predicted Fall After Double Top
Ripple (XRP): The Third Attempt at $0.3 Was Also Futile
Ripple (XRP): The Third Attempt at $0.3 Was Also Futile
Ripple (XRP) Is Close to Macro Resistance
Ripple (XRP) Is Close to Macro Resistance
Ripple (XRP): The Bears Remain in the Driving Seat
Ripple (XRP): The Bears Remain in the Driving Seat
Ripple (XRP) Got Pushed Down By Tether
Ripple (XRP) Got Pushed Down By Tether

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 77.6% 43 $64 364.24 -0.32% 11.97% $1 269 716 723 462 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72% 50 $3 416.30 -0.72% 10.22% $410 712 230 766 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $1.000190 -0.02% 0.03% $113 246 119 775 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78% 43 $570.57 -0.84% 9.29% $84 205 292 105 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 81.6% 36 $156.65 -2.73% 11.05% $72 712 740 994 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 78% 43 $0.630018 8.50% 44.13% $35 158 388 966 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000058 0.01% 0.01% $33 786 650 760 USDC 7 days price change
8 Toncoin (TON) TON Toncoin predictions 86.4% 13 $7.13 -2.95% -1.57% $17 903 663 385 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 73.2% 55 $0.122344 -1.78% 14.15% $17 759 171 787 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 77.6% 36 $0.440835 0.42% 14.99% $15 820 624 845 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 79.2% 44 $0.133868 -0.20% 2.14% $11 660 500 653 TRX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 79.2% 37 $0.000019 -2.98% 14.79% $11 047 738 934 SHIB 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 76% 41 $27.63 -2.12% 7.39% $10 907 302 760 AVAX 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 94% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

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

© 2015-2024 Crypto-Rating.com

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.