Bitcoin
BTC$64 567.36

-0.38%

Ethereum
ETH$3 417.53

-0.97%

Tether
USDT$1.000110

-0.03%

Binance Coin
BNB$572.36

-0.70%

Solana
SOL$156.80

-2.13%

XRP
XRP$0.628046

7.62%

All you need to know about Bitcoin


July 2021

Bitcoin (BTC) is a digital currency. It doesn’t exist in a physical form. Instead, there is a special cryptocurrency public ledger, which has records of all the Bitcoin transactions: who, in what quantity, and where transfers their Bitcoins. This ledger is called the blockchain.

Bitcoins can be compared to non-cash payments in banks: a buyer pays in a store with a bank card, while he does not give any cash or coins to anyone.

The difference between bitcoin and classic currencies is that all records about transactions are kept on servers, and not in banks. The public ledger maintains participants’ identities secure and anonymous. To protect the data and verify transactions, the Bitcoin system uses cryptography. It’s the security it offers, which makes BTC so popular. It’s impossible to counterfeit bitcoin, however, it can be subject to hacker attacks and stolen by hackers.

One tough cookie

Since March, this cryptocurrency has been showing miraculous growth. We haven’t seen this kind of agility from Bitcoin for several years. With the emergence of new trading applications, BTC trading volumes significantly increased, which became the main driver for the cryptocurrency’s rise. These platforms became known as DeFi (decentralized finance). DeFi has provided the world with new levels of transparency, making it easy to borrow, lend, and trade cryptocurrencies.

Thanks to these applications, traders got more tools and capabilities to perform more risky and potentially more profitable transactions.

Currently, large investors are showing interest in Bitcoin, and this can be explained by the current crisis. To support the economy, countries issue currency in large quantities, which leads to its depreciation. In this regard, Bitcoin outperforms traditional money, since its emission is limited to 21 million coins.

Are there any other growth drivers for Bitcoin?

Experts believe that the current maximum of $12 000 per coin is not the limit for BTC. Besides, just recently one coin cost $20 thousand, so it has a lot to strive for. At the moment, we do not expect growth to these all-time highs, but we do expect a new wave of growth to local maximums.

Market analysts predict that the $ 12,000 area will be an intermediate level. As soon as buyers pass it, the asset will get good chances to strengthen its positions. The BTC target is somewhere around $14,000. In the meantime, we expect a technical correction towards the support area of $ 10400- $ 10700.

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 $64 567.36 -0.38% 12.55% $1 273 722 979 629 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72% 50 $3 417.53 -0.97% 10.31% $410 859 870 677 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.000110 -0.03% 0.02% $113 236 960 423 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78% 43 $572.36 -0.70% 9.35% $84 470 480 429 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 81.6% 36 $156.80 -2.13% 11.26% $72 781 603 483 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 78% 43 $0.628046 7.62% 43.35% $35 048 347 743 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000063 0.01% 0.01% $33 802 025 670 USDC 7 days price change
8 Toncoin (TON) TON Toncoin predictions 86.4% 13 $7.16 -2.83% -1.25% $17 979 891 294 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 73.2% 55 $0.123284 -1.89% 14.54% $17 895 498 284 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 77.6% 36 $0.442834 0.57% 15.09% $15 892 288 247 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 77.6% 44 $0.134153 0.33% 2.31% $11 685 315 797 TRX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 79.2% 37 $0.000019 -3.26% 15.07% $11 069 963 486 SHIB 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 75.2% 41 $27.86 -1.26% 7.00% $10 997 136 424 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

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