Bitcoin Back Above $46K on Low Daily Volume
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 80.8% | 26 | $18 917.31 | -1.02% | -4.11% | $362 463 667 283 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 71.6% | 54 | $1 298.77 | -3.27% | -6.06% | $159 129 662 025 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $1.000070 | 0% | 0% | $67 959 486 248 |  |
|
| 4 |  USDC |
USD Coin predictions | 96% | 1 | $1.000058 | 0.01% | 0% | $49 596 112 733 |  |
|
| 5 |  BNB |
Binance Coin predictions | 88% | 15 | $274.90 | -1.14% | 0.65% | $44 352 122 648 |  |
|
| 6 |  XRP |
XRP predictions | 61.6% | 74 | $0.501984 | 0.54% | 26.46% | $25 023 258 974 |  |
|
| 7 |  BUSD |
Binance USD predictions | 93.6% | 1 | $1.000777 | 0.03% | 0.03% | $20 533 202 140 |  |
|
| 8 |  ADA |
Cardano predictions | 83.2% | 32 | $0.449897 | -2.32% | -3.88% | $15 400 494 496 |  |
|
| 9 |  SOL |
Solana predictions | 80.8% | 28 | $32.71 | -3.79% | 0.84% | $11 601 976 269 |  |
|
| 10 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 85.6% | 14 | $0.061846 | -3.69% | 3.13% | $8 205 146 170 |  |
|
| 12 |  DOT |
Polkadot predictions | 78.8% | 41 | $6.23 | -3.04% | -8.15% | $6 984 955 644 |  |
|
| 13 |  DAI |
Dai predictions | 90.8% | 1 | $0.999539 | -0.04% | -0.04% | $6 927 324 765 |  |
|
| 14 |  MATIC |
Polygon predictions | 73.6% | 55 | $0.749357 | -2.69% | -5.72% | $6 545 118 739 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 79.2% | 42 | $0.000011 | -3.43% | -2.78% | $6 126 642 475 |  |
