Bitcoin prices are retracing today
Bitcoin prices are retracing today, and they have failed to stay above the 50K mark which is worrisome for many crypto traders because this shows weakness in the current upward trend. If the price continues to trade below this mark, we are likely to visit the early 40K price level again. The last twelve months have been extremely important for the digital sector. Despite the recent slump in Bitcoin prices, the price of the notorious digital currency has surged by a whopping 70%.
Furthermore, cryptocurrencies have not only achieved a higher market valuation, which is now estimated to be $2.5 trillion, nearly twice that of a year ago, but have also persuaded governments and institutional investors that blockchain technology has the potential to revolutionise traditional finance. This led to greater acceptance of digital currencies not just as a mode of investment but also as a legal tender in El Salvador.
On the other hand, investors should also keep in mind that China, the second-biggest economy in the world, moved to aggressively ban mining of cryptocurrencies within its borders, and India is also considering adopting similar measures in coming months. Similarly, mining of digital coins still consumes too much power, which can prove to be detrimental to the environment in the long term. Having said that, companies are working hard to find solutions to these issues and make the adoption of cryptocurrencies a reality in the near future.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 95.6% | 2 | $27 033.99 | 2.37% | 1.45% | $527 135 688 529 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 93.6% | 5 | $1 674.14 | 3.44% | 4.93% | $201 291 736 477 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $0.999843 | 0.06% | 0% | $83 263 508 106 |  |
|
| 4 |  BNB |
Binance Coin predictions | 94.4% | 4 | $216.11 | 1.54% | 2.33% | $33 247 980 400 |  |
|
| 5 |  XRP |
XRP predictions | 92% | 9 | $0.509796 | 2.08% | 0.01% | $27 178 454 547 |  |
|
| 6 |  USDC |
USD Coin predictions | 94.8% | 1 | $1.000021 | -0.01% | 0.01% | $25 530 849 089 |  |
|
| 7 |  STETH |
Lido stETH predictions | 92% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  WTRX |
Wrapped TRON predictions | 85.2% | 24 | $0.088098 | 4.06% | 5.76% | $8 957 448 242 |  |
|
| 9 |  ADA |
Cardano predictions | 91.6% | 6 | $0.251909 | 2.62% | 2.72% | $8 849 175 236 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 90% | 4 | $0.061718 | 1.52% | 0.04% | $8 714 841 543 |  |
|
| 11 |  SOL |
Solana predictions | 84.8% | 20 | $20.16 | 5.17% | 2.25% | $8 324 940 011 |  |
|
| 12 |  TRX |
TRON predictions | 84% | 22 | $0.088554 | 4.55% | 5.90% | $7 888 492 391 |  |
|
| 13 |  TON |
Toncoin predictions | 60.4% | 84 | $2.22 | 1.57% | -3.82% | $7 623 523 317 |  |
|
| 14 |  DAI |
Dai predictions | 95.2% | 1 | $0.999716 | -0.03% | 0.01% | $5 346 368 455 |  |
|
| 15 |  DOT |
Polkadot predictions | 90% | 7 | $4.09 | 1.76% | 1.74% | $5 029 573 668 |  |
