Bitcoin
BTC$27 033.99

2.37%

Ethereum
ETH$1 674.14

3.44%

Tether
USDT$0.999843

0.06%

Binance Coin
BNB$216.11

1.54%

XRP
XRP$0.509796

2.08%

USD Coin
USDC$1.000021

-0.01%

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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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 95.6% 2 $27 033.99 2.37% 1.45% $527 135 688 529 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 93.6% 5 $1 674.14 3.44% 4.93% $201 291 736 477 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.999843 0.06% 0% $83 263 508 106 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 94.4% 4 $216.11 1.54% 2.33% $33 247 980 400 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 92% 9 $0.509796 2.08% 0.01% $27 178 454 547 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000021 -0.01% 0.01% $25 530 849 089 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 92% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 85.2% 24 $0.088098 4.06% 5.76% $8 957 448 242 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 91.6% 6 $0.251909 2.62% 2.72% $8 849 175 236 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 90% 4 $0.061718 1.52% 0.04% $8 714 841 543 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 84.8% 20 $20.16 5.17% 2.25% $8 324 940 011 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 84% 22 $0.088554 4.55% 5.90% $7 888 492 391 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 60.4% 84 $2.22 1.57% -3.82% $7 623 523 317 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 95.2% 1 $0.999716 -0.03% 0.01% $5 346 368 455 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 90% 7 $4.09 1.76% 1.74% $5 029 573 668 DOT 7 days price change

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