Bitcoin
BTC$27 633.20

-0.02%

Ethereum
ETH$1 749.35

-0.49%

Tether
USDT$1.001019

-0.11%

Binance Coin
BNB$323.33

-0.83%

USD Coin
USDC$0.999720

0.07%

XRP
XRP$0.425604

-5.31%

Bitcoin Back Above $46K on Low Daily Volume


13 Aug 2021

#Bitcoin

Bitcoin has clawed back lost ground from Thursday’s 2.4% sell that saw the crypto reach lows of around $43,800. The world’s largest cryptocurrency by market value was up 1.5% over a 24-hour period by press time and is currently changing hands for around $46,100. Bitcoin is beginning to edge closer toward analyst’s projected $50,000 price tag, as CoinDesk reported Thursday.

“We were seeing many investors taking advantage of recent market movements by taking profits,” said Asher Tan, CEO of cryptocurrency exchange CoinJar. “There’s a trend of conservatism among users who jumped into crypto around similar price levels earlier in the year, with users slightly trimming their holdings.” Indeed, bitcoin‘s total daily volume across major exchanges, including Bitstamp, remains flat when compared to previous months, particularly towards the end of May.

The co-founder points toward new investors remaining cautious ever since they had a taste of the crypto market’s volatility when the sell-off in May saw bitcoin prices drop 50% from $56,700 to around $30,000 in a little over a week. Yet seasoned investors, Grainger argues, are increasingly active with data hinting at a strong uptake in altcoins, beginning Aug. 9. “In particular, ether has picked up significantly against bitcoin and that is starting to trend again as of today,” she said.


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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 71.6% 54 $27 633.20 -0.02% 2.44% $534 060 036 937 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 75.6% 39 $1 749.35 -0.49% -0.84% $214 074 957 233 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $1.001019 -0.11% -0.16% $78 566 092 119 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 75.6% 51 $323.33 -0.83% -3.57% $51 051 275 960 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.4% 2 $0.999720 0.07% -0.02% $34 404 469 197 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 86% 21 $0.425604 -5.31% 12.54% $21 684 894 622 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 59.2% 82 $0.097262 -21.83% 8.78% $16 866 375 361 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74.8% 43 $0.360665 -3.32% 4.16% $12 522 887 479 ADA 7 days price change
9 Lido stETH (STETH) STETH Lido stETH predictions 95.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 70.8% 51 $0.074732 -3.91% -1.34% $9 914 772 100 DOGE 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 77.6% 48 $1.11 -1.86% -9.15% $9 659 567 617 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 75.2% 52 $21.59 -1.00% 4.01% $8 284 331 535 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $0.993449 -0.65% -0.74% $8 011 194 439 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 73.6% 49 $6.13 -1.26% -6.49% $7 164 137 045 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 72% 58 $90.76 -0.41% 6.89% $6 584 394 664 LTC 7 days price change

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