Bitcoin
BTC$48 068.38

-0.43%

Ethereum
ETH$3 564.24

-1.78%

Cardano
ADA$2.43

-1.86%

Binance Coin
BNB$423.38

-1.83%

Tether
USDT$1.000511

0.01%

XRP
XRP$1.096014

-2.04%

All you need to know about Bitcoin


#Bitcoin

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 Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 82.8% 24 $48 068.38 -0.43% 2.90% $904 552 592 109 $30 966 097 189
2 Ethereum (ETH) ETH Ethereum predictions 71.6% 52 $3 564.24 -1.78% 3.14% $418 997 277 161 $18 764 428 420
3 Cardano (ADA) ADA Cardano predictions 66.4% 64 $2.43 -1.86% -4.99% $77 762 171 546 $3 085 080 557
4 Binance Coin (BNB) BNB Binance Coin predictions 63.6% 70 $423.38 -1.83% -1.23% $71 186 613 232 $1 670 523 937
5 Tether (USDT) USDT Tether predictions 95.2% 1 $1.000511 0.01% 0.05% $68 288 855 645 $74 100 163 467
6 XRP (XRP) XRP XRP predictions 72.8% 55 $1.096014 -2.04% -3.72% $51 098 642 600 $2 972 959 907
7 Solana (SOL) SOL Solana predictions 56.8% 89 $149.74 -5.57% -21.61% $44 447 194 000 $3 259 409 601
8 Polkadot (DOT) DOT Polkadot predictions 58.4% 83 $36.69 2.33% 14.49% $36 235 518 897 $2 308 494 829
9 Dogecoin (DOGE) DOGE Dogecoin predictions 66% 65 $0.257382 4.84% 0.32% $33 796 922 711 $1 760 021 804
10 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000184 0.01% 0.02% $29 237 308 733 $2 846 778 419
11 UniSwap (UNI) UNI UniSwap predictions 73.6% 56 $25.95 -4.24% 8.79% $15 869 589 993 $590 249 626
12 Terra (LUNA) LUNA Terra predictions 68.4% 67 $36.55 0.26% 12.35% $14 691 406 586 $1 543 465 878
13 Avalanche (AVAX) AVAX Avalanche predictions 65.2% 69 $64.75 9.96% 46.82% $14 264 323 937 $2 618 327 427
14 Chainlink (LINK) LINK Chainlink predictions 74% 55 $30.07 -4.45% 3.96% $13 594 035 693 $1 522 191 986
15 Binance USD (BUSD) BUSD Binance USD predictions 91.6% 1 $1.000216 0.01% 0.02% $12 747 588 570 $6 369 639 162

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