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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 90.8% | 2 | $27 060.57 | 2.57% | 1.46% | $527 654 007 369 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 90% | 5 | $1 675.53 | 3.68% | 4.95% | $201 459 487 311 | ||
3 | ![]() |
Tether predictions | 94% | 1 | $1.000845 | 0.16% | 0.08% | $83 346 901 195 | ||
4 | ![]() |
Binance Coin predictions | 91.6% | 4 | $216.29 | 1.61% | 2.38% | $33 275 819 779 | ||
5 | ![]() |
XRP predictions | 92.4% | 9 | $0.508986 | 2.05% | -0.02% | $27 135 264 539 | ||
6 | ![]() |
USD Coin predictions | 92% | 1 | $1.000627 | 0.06% | 0.04% | $25 546 311 582 | ||
7 | ![]() |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
8 | ![]() |
Wrapped TRON predictions | 82.8% | 24 | $0.088277 | 4.40% | 6.03% | $8 975 631 926 | ||
9 | ![]() |
Cardano predictions | 94.4% | 6 | $0.252515 | 3.14% | 2.93% | $8 870 464 805 | ||
10 | ![]() |
Dogecoin predictions | 91.2% | 4 | $0.061846 | 1.83% | 0.18% | $8 732 826 301 | ||
11 | ![]() |
Solana predictions | 88.8% | 20 | $20.21 | 5.47% | 2.45% | $8 344 217 667 | ||
12 | ![]() |
TRON predictions | 82.8% | 22 | $0.088719 | 4.86% | 6.27% | $7 903 170 455 | ||
13 | ![]() |
Toncoin predictions | 62.8% | 84 | $2.23 | 2.50% | -3.09% | $7 667 083 649 | ||
14 | ![]() |
Dai predictions | 95.6% | 1 | $0.999875 | 0.01% | 0.01% | $5 347 220 318 | ||
15 | ![]() |
Polkadot predictions | 90.8% | 7 | $4.10 | 1.87% | 1.81% | $5 032 931 540 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 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.