Bitcoin
BTC$22 994.25

-3.54%

Ethereum
ETH$1 687.91

-5.10%

Tether
USDT$1.000205

0%

USD Coin
USDC$1.000033

0.02%

Binance Coin
BNB$322.84

-0.68%

Binance USD
BUSD$1.000068

0%

Bitcoin prices are retracing today


29 Dec 2021

#Bitcoin

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.


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Bitcoin remains in ascending corridor
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Bitcoin retreats from the upper boundary of an uptrend channel
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Musk has clipped the wings of Bitcoin
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Crypto's full swing recovery
Blockchain projects are pulling the crypto market up
Blockchain projects are pulling the crypto market up
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Bitcoin dipped into a flat
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Bitcoin benefiting from gains in equities
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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 78.4% 35 $22 994.25 -3.54% 0.01% $439 591 538 662 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 68.8% 68 $1 687.91 -5.10% 3.56% $205 761 571 724 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000205 0% 0% $66 531 586 544 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000033 0.02% -0.01% $54 021 851 086 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 71.2% 62 $322.84 -0.68% 11.75% $52 086 335 344 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 95.2% 1 $1.000068 0% 0.01% $17 752 502 175 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 77.6% 36 $0.363424 -3.65% -1.50% $17 569 045 535 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 72% 50 $0.511389 -4.25% 1.61% $17 253 774 183 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 78% 44 $39.74 -6.33% 3.54% $13 844 600 613 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 68.8% 62 $8.71 -4.69% 9.10% $9 626 327 113 DOT 7 days price change
12 HEX (HEX) HEX HEX predictions 64% 70 $0.054592 -1.19% 18.95% $9 466 937 752 HEX 7 days price change
13 Dogecoin (DOGE) DOGE Dogecoin predictions 81.6% 28 $0.068228 -6.49% 1.79% $9 051 914 563 DOGE 7 days price change
14 Avalanche (AVAX) AVAX Avalanche predictions 70.4% 55 $27.42 -3.30% 17.24% $7 814 089 843 AVAX 7 days price change
15 Dai (DAI) DAI Dai predictions 93.6% 1 $0.999863 0.05% 0.03% $7 525 054 582 DAI 7 days price change

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