Bitcoin
BTC$60 252.30

-1.62%

Ethereum
ETH$4 018.12

-2.21%

Binance Coin
BNB$473.38

-1.64%

Cardano
ADA$2.12

-1.64%

Tether
USDT$1.000291

-0.03%

Solana
SOL$189.40

-3.30%

Bitcoin has now been above $10K for a whole year


16 Sep 2021

#Bitcoin

While attention focuses on $100,000, few remember that BTC/USD has now been in five figures for over 365 days. Bitcoin (BTC) has now traded above $10,000 for an entire year, as expectations demand $100,000 before the end of 2021. While hodlers impatiently wait for new all-time highs, BTC price action is celebrating the first of what is likely many anniversaries. On Thursday, BTC/USD officially hit 365 days trading in five figures.

A year ago, on Sept. 9, 2020, the largest cryptocurrency slowly eased into the $10,000 zone, never to return. A month later, it was only $1,000 higher, but fast forward to the end of Q4 2020, and the situation was entirely different — Bitcoin traded at $28,000.

The transformation is widely anticipated to repeat itself this year. As Cointelegraph reported, even a “worst case scenario” for BTC/USD is $135,000 by Jan. 1, 2022. Even legacy finance has come round to the concept of bullish continuation, notably this month in the form of Standard Chartered, which forecast a cyclical top of $100,000 this year. Zooming out, the predictions get even higher. Cathie Wood, founder, CEO and chief investment officer of Ark Invest, believes that Bitcoin will hav hit $500,000 by 2026.

Hodlers “unfazed”

At the time of writing, BTC/USD was hovering at $47,500, having beaten out what some feared would be solid resistance overnight. With profitable days, as ever, accounting for 99.9% of Bitcoin’s lifetime, few bearish voices were audible from within cryptocurrency circles five months after its most recent all-time highs.

“Despite a 50%+ sell-off experienced in May, a strong rally from the $29k lows, and now another sharp sell-off this week, HODLers appear unphased,” analytics firm Glassnode summarized in its latest weekly newsletter.

As Cointelegraph additionally noted, long-term holders now account for more of the BTC supply than at any point since before the main part of the bull market began in October. Exchange reserves, meanwhile, are at their lowest since February 2018.


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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 66.8% 74 $60 252.30 -1.62% -1.26% $1 135 935 887 079 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 71.2% 59 $4 018.12 -2.21% 5.61% $474 376 781 470 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 68.8% 62 $473.38 -1.64% 1.64% $78 960 770 465 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 89.2% 13 $2.12 -1.64% -1.97% $69 627 800 399 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 92% 1 $1.000291 -0.03% 0.04% $69 594 352 711 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 70.8% 56 $189.40 -3.30% 18.36% $57 001 510 155 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 76.8% 49 $1.078786 -0.88% -3.63% $50 645 066 240 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 59.2% 82 $42.08 -3.54% 1.93% $41 561 903 600 DOT 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 69.6% 60 $0.256259 2.18% 8.35% $33 782 163 270 DOGE 7 days price change
10 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000258 -0.06% 0.04% $32 574 092 120 USDC 7 days price change
11 Terra (LUNA) LUNA Terra predictions 67.6% 61 $40.61 -4.86% 10.46% $16 301 378 596 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 77.6% 42 $25.72 -3.26% -2.22% $15 732 380 214 UNI 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 58.8% 92 $0.000038 13.53% 50.59% $15 098 126 510 SHIB 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 71.2% 61 $63.71 -2.12% 12.40% $14 033 729 136 AVAX 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 72.4% 50 $29.63 -3.22% 10.93% $13 659 959 203 LINK 7 days price change

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