Bitcoin slides more than 5% after topping $40000
08 Jan 2021
Bitcoin fell more than 5% on Friday, a day after topping $40,000 for the first time. The world’s most popular digital currency slid to as low as $36,618.36 on Bitstamp exchange, after reaching an all-time high of $40,402.46 in the previous session.
Market participants had warned of a correction after the $40,000 milestone was reached.
Increased demand from institutional, corporate, and more recently retail investors has powered bitcoin’s surge, attracted by the prospect of quick gains in a world of ultra-low yields and negative interest rates.
JPMorgan strategists wrote on Jan. 5 that the digital currency has emerged as a rival to gold and could trade as high as $146,000 if it becomes established as a safe-haven asset.
Related
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 85.6% | 21 | $54 454.64 | 0.62% | -6.22% | $1 075 564 129 069 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 78.8% | 31 | $2 277.25 | 0.22% | -7.78% | $274 001 433 399 |  |
|
| 3 |  USDT |
Tether predictions | 93.2% | 1 | $1.000008 | 0% | 0% | $118 196 309 969 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78% | 36 | $497.04 | 0.67% | -4.05% | $72 535 924 650 |  |
|
| 5 |  SOL |
Solana predictions | 76.8% | 46 | $128.80 | 1.46% | -2.95% | $60 230 535 629 |  |
|
| 6 |  USDC |
USD Coin predictions | 95.6% | 1 | $0.999976 | -0.01% | -0.01% | $34 963 738 995 |  |
|
| 7 |  XRP |
XRP predictions | 81.2% | 29 | $0.525442 | -0.41% | -5.31% | $29 597 843 210 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 80.4% | 29 | $0.095281 | 0.84% | -2.13% | $13 899 034 773 |  |
|
| 9 |  TRX |
TRON predictions | 65.6% | 68 | $0.152944 | 0.95% | -2.36% | $13 264 525 748 |  |
|
| 10 |  ADA |
Cardano predictions | 80.4% | 37 | $0.338554 | 4.24% | 0.87% | $12 174 619 987 |  |
|
| 11 |  TON |
Toncoin predictions | 58% | 85 | $4.77 | 3.48% | -9.76% | $12 089 548 255 |  |
|
| 12 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 13 |  WTRX |
Wrapped TRON predictions | 95.6% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 96% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |  |
|
| 15 |  AVAX |
Avalanche predictions | 72.4% | 52 | $22.92 | 5.69% | 4.65% | $9 287 245 234 |  |
