Bitcoin
BTC$19 478.59

-2.52%

Ethereum
ETH$1 057.72

-2.92%

Tether
USDT$0.998851

-0.01%

USD Coin
USDC$1.000012

-0.02%

Binance Coin
BNB$219.45

0.88%

Binance USD
BUSD$1.001447

-0.07%

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 56.4% 94 $19 478.59 -2.52% -7.54% $371 689 515 818 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 60% 91 $1 057.72 -2.92% -8.13% $128 367 649 372 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $0.998851 -0.01% -0.04% $66 156 129 049 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000012 -0.02% 0% $55 803 270 433 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 63.2% 84 $219.45 0.88% -5.45% $35 830 506 171 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.001447 -0.07% 0.15% $17 572 614 880 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 64% 72 $0.314861 -3.38% -14.47% $15 221 373 982 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 63.6% 77 $0.450954 -1.88% -8.43% $15 220 863 806 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 62.8% 74 $32.63 0.38% -15.52% $11 202 592 756 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 62.8% 76 $0.064894 -2.96% -0.40% $8 609 542 166 DOGE 7 days price change
11 Dai (DAI) DAI Dai predictions 96% 1 $1.000096 0.04% 0.03% $6 781 871 299 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 64.8% 72 $6.61 -4.05% -16.63% $6 530 733 458 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 58% 91 $0.064902 -1.27% 0.99% $6 002 902 689 TRX 7 days price change
14 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 72.8% 55 $6.16 6.41% 6.01% $5 877 618 177 LEO 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 67.6% 71 $0.000010 -0.54% -1.69% $5 558 891 677 SHIB 7 days price change

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