Bitcoin
BTC$27 103.13

1.33%

Ethereum
ETH$1 847.38

0.75%

Tether
USDT$1.000426

0.01%

Binance Coin
BNB$308.50

0.41%

USD Coin
USDC$1.000139

0.01%

XRP
XRP$0.472742

0.73%

Bitcoin price sinks to $46.7K despite record accumulation and supply shock events


01 Sep 2021

#Bitcoin

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing at $46,700 on Bitstamp after dropping $2,000 in hours. Part of a multi-day rangebound construction, the dip resulted in a push toward $48,000, with bulls still unable to gather momentum for an attack on $50,000. For popular trader Crypto Ed, $48,200 was the level to watch for continuation upward.

“Showing some tricky moves, retest failed overnight with that dump,” he commented on the hourly chart. The mood among analysts broadly stayed optimistic on the day despite price action lagging any noticeable improvement in market activity.

Some highlighted conspicuous accumulation at current levels, while on-chain metrics such as illiquid supply were also a talking point. “This wave of Bitcoin supply shock has the most momentum of any in recent history,” William Clemente III, lead insights analyst at Blockware, noted.


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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 83.6% 19 $27 103.13 1.33% -0.28% $525 413 545 011 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 94% 5 $1 847.38 0.75% 1.52% $222 158 550 160 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.000426 0.01% 0% $83 162 495 084 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 93.6% 4 $308.50 0.41% -0.64% $48 081 998 443 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $1.000139 0.01% 0.01% $29 072 935 582 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 86.4% 25 $0.472742 0.73% 0.71% $24 574 754 937 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 85.6% 20 $0.371099 1.92% 1.51% $12 941 703 465 ADA 7 days price change
8 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
9 Dogecoin (DOGE) DOGE Dogecoin predictions 83.2% 31 $0.072758 2.07% -1.38% $10 151 717 870 DOGE 7 days price change
10 Polygon (MATIC) MATIC Polygon predictions 70.4% 56 $0.928375 1.48% 6.06% $8 614 827 134 MATIC 7 days price change
11 Solana (SOL) SOL Solana predictions 77.2% 38 $20.43 5.01% 0.83% $8 095 221 194 SOL 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 80% 33 $0.077365 2.23% 6.60% $7 866 128 306 WTRX 7 days price change
13 TRON (TRX) TRX TRON predictions 82.8% 33 $0.077649 2.87% 7.15% $7 009 815 149 TRX 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 82.8% 35 $89.57 2.21% -2.83% $6 540 062 689 LTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 82.4% 22 $5.36 2.13% -0.57% $6 372 920 266 DOT 7 days price change

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