Bitcoin
BTC$62 538.82

4.26%

Ethereum
ETH$3 337.33

4.27%

Tether
USDT$1.000431

-0.01%

Binance Coin
BNB$560.21

4.36%

Solana
SOL$151.78

4.46%

USD Coin
USDC$0.999957

-0.03%

Another double-digit growth for Bitcoin


15 Jan 2021

#Bitcoin

Bitcoin’s success story continues. After a brief pullback toward the $30K low, the benchmark cryptocurrency is once again aiming for $40K. Over the past 24 hours, Bitcoin has added more than 12% and is trading near $38K. Bitcoin’s dominance index holds around 70%, while the total capitalization of the crypto market has once again surpassed $1 trillion. This threshold now has a psychological impact on retail crypto market participants, confirming the course for further growth. In 2017, the crypto market was already approaching this mark, but afterwards, a massive correction began, which led to the “crypto winter”. Now we are witnessing that the crypto machine is actively gaining speed near this level, which encourages investor optimism.

Previously, Bitcoin faced multiple waves of corrections as it approached $20K, and now the coin may face waves of profit-taking as it reaches $40K. Nevertheless, the crypto community is waiting for growth up to $50K. Given the volatile nature of the crypto market, this price level is realistic. Institutional investors at the end of last year voiced growth targets not only above $100K but even as high as $300K, suggesting the potential for multiple increases from current levels.

Altcoins supported the growth of the first cryptocurrency. Altcoins are now the riskiest assets to invest in as they attract the most retail demand and are therefore more prone to correction compared to BTC.

The largest 100 Bitcoin wallets have been very bullish over the past 30 days. In total, almost 350,000 new bitcoins appeared in these wallets. Even more optimistic news is that most of these addresses did not react in any way to the correction. Withdrawal transactions were recorded at a very small number of Bitcoin addresses.

Nevertheless, it’s worth noting that the inflow of new funds into the crypto sector dropped significantly during the first week of January. According to CoinShares, only $29 million was invested in institutional crypto funds during the first week of the new year. In the week before Christmas, big capital invested over $1 billion.

While this could be attributed to the fact that many investors were on the winter holidays. Should the inflows to crypto funds not increase closer to the end of January, it could mean that big capital decided to stop crypto purchases.

Source


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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 72.8% 46 $62 538.82 4.26% 9.89% $1 233 633 214 996 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 73.2% 49 $3 337.33 4.27% 10.02% $401 207 056 171 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000431 -0.01% 0.03% $112 585 448 619 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 75.2% 47 $560.21 4.36% 9.35% $82 676 552 417 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 84.4% 29 $151.78 4.46% 8.67% $70 438 687 891 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 96% 1 $0.999957 -0.03% -0.01% $34 041 675 514 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 81.6% 37 $0.534577 0.32% 23.30% $29 832 244 844 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 87.6% 21 $7.40 0.44% 2.90% $18 561 993 879 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 72.4% 49 $0.117155 3.59% 8.30% $17 002 052 588 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 79.6% 35 $0.434209 0% 16.01% $15 579 847 734 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 80.8% 40 $0.138233 0.21% 10.38% $12 043 056 081 TRX 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 75.6% 44 $26.78 2.81% -0.40% $10 565 219 011 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 82% 37 $0.000018 2.98% 8.01% $10 503 854 213 SHIB 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 92% 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 96% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

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