Bitcoin
BTC$51 105.08

-0.20%

Ethereum
ETH$2 960.73

0.64%

Tether
USDT$0.999837

0.01%

Binance Coin
BNB$380.69

1.13%

Solana
SOL$102.23

-0.37%

XRP
XRP$0.546133

1.85%

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 65.2% 79 $51 105.08 -0.20% -1.15% $1 003 512 715 674 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64.4% 74 $2 960.73 0.64% 6.46% $355 751 431 010 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.6% 1 $0.999837 0.01% -0.05% $97 894 752 247 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 68.8% 70 $380.69 1.13% 6.45% $56 930 194 738 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 72.4% 50 $102.23 -0.37% -6.58% $45 090 053 848 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 83.6% 21 $0.546133 1.85% -1.43% $29 815 727 194 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 94% 1 $0.999999 0% 0% $28 140 573 679 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 65.6% 70 $0.587899 0.75% 0.13% $20 852 958 050 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 71.2% 56 $36.64 -0.34% -7.77% $13 821 787 005 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 90.4% 13 $0.085360 1.92% 0.91% $12 223 858 828 DOGE 7 days price change
11 TRON (TRX) TRX TRON predictions 70.8% 62 $0.137670 -0.76% 0.05% $12 117 006 673 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 67.6% 61 $0.137632 -0.71% 0.40% $12 113 656 497 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 69.6% 62 $18.40 2.60% -5.91% $10 802 289 665 LINK 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 93.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 77.2% 48 $7.75 5.49% 1.95% $9 944 804 876 DOT 7 days price change

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