Bitcoin
BTC$36 590.92

0.13%

Ethereum
ETH$2 395.49

-1.91%

Tether
USDT$1.000276

-0.03%

Binance Coin
BNB$384.53

3.88%

USD Coin
USDC$0.999857

0.02%

Cardano
ADA$1.025841

-2.57%

Bitcoin market cap back below $1 trillion as correction deepens


25 Mar 2021

#Bitcoin

Oil prices fell more than 1% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal. Brent crude futures slid 87 cents, or 1.4%, to $63.54 a barrel at 0405 GMT, after jumping 6% overnight.

U.S. West Texas Intermediate (WTI) crude futures dropped by $1.02, or 1.7%, to $60.16 a barrel, after climbing 5.9% overnight. Prices, which tumbled earlier in the week on worries about tighter pandemic curbs in Europe and vaccine delays stalling fuel demand growth, sharply reversed on Wednesday on news of the grounding in the Suez Canal, potentially blocking 10 tankers carrying 13 million barrels of oil.

Dozens of ships were in the five waiting zones for passage through the nearly 200 km (120 mile) canal, with more approaching the area. “The longer this disruption lasts the more likely we see refiners (and) buyers having to turn to the spot market to ensure supply from elsewhere,” ING Economics said, adding that shipping companies faced a decision on whether to travel via the Cape of Good Hope in South Africa, causing delays.

The market was also helped on Wednesday by data showing U.S. gasoline demand improved and refinery run rates were picking up. However, analysts said such supportive factors were likely to be overshadowed by growing concerns about global demand.


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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 74% 46 $36 590.92 0.13% -6.28% $693 105 612 244 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.4% 61 $2 395.49 -1.91% -16.81% $285 886 501 327 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000276 -0.03% 0% $78 190 173 223 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 70.4% 65 $384.53 3.88% -10.66% $63 492 425 817 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 91.2% 1 $0.999857 0.02% -0.03% $49 496 864 392 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 69.6% 64 $1.025841 -2.57% -16.76% $34 420 087 172 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 72.8% 53 $0.598433 -1.64% -13.71% $28 567 351 419 XRP 7 days price change
8 Solana (SOL) SOL Solana predictions 68.8% 67 $89.78 -0.83% -27.45% $28 278 930 351 SOL 7 days price change
9 Terra (LUNA) LUNA Terra predictions 63.2% 73 $51.91 -13.15% -33.41% $20 803 437 741 LUNA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 70.4% 64 $0.139729 -1.73% -9.23% $18 537 916 542 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 66% 68 $17.84 0.13% -20.97% $17 614 595 323 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 70.4% 66 $63.82 -1.02% -16.76% $15 626 320 895 AVAX 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 90.8% 1 $1.000359 0.13% -0.05% $14 849 277 744 BUSD 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 64.8% 73 $1.63 2.48% -14.89% $12 153 454 123 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64.4% 68 $0.000021 0.39% -19.21% $11 437 594 450 SHIB 7 days price change

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