A classic volatility surprise excites rather than concerns traders, but altcoins lose out heavily. Bitcoin (BTC) kept traders on their toes on Tuesday as a sudden price dip sparked a retest of $50,000. Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it shed $2,000 in two hours Tuesday. The pair had hit $52,960 — nearly a four-month high — before consolidating and then heading lower.
The volatile conditions mark a memorable day for Bitcoin adoption, coming as El Salvador becomes the first country in history to adopt a partial “Bitcoin standard.” For traders, the BTC price reversal, which at the time of writing had cooled at $50,500, was likely merely a technical event.
“Shaking out some late longs I’d expect,” popular social media trader Crypto Chase commented. “Still confident we see 54.7K~ hit as long as 50K can hold as support (fairly obvious 12HR level to work with here).”
As Cointelegraph reported, funding rates this week signaled bullish bias, with expectations of profitable shorts providing a potential opportunity for a squeeze upward. Cointelegraph contributor Michaël van de Poppe agreed, highlighting even $49,000 as a reasonable target, which would still give no cause for concern.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 75.6% | 42 | $70 449.01 | -0.61% | 11.75% | $1 385 553 227 337 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 71.2% | 50 | $3 550.02 | -1.02% | 6.17% | $426 253 072 703 | ||
3 | USDT | Tether predictions | 92.4% | 1 | $1.000260 | 0.05% | 0.05% | $104 531 443 248 | ||
4 | BNB | Binance Coin predictions | 59.6% | 80 | $617.39 | 5.34% | 11.04% | $92 321 546 061 | ||
5 | SOL | Solana predictions | 58.4% | 88 | $186.62 | 0.58% | 9.70% | $82 936 975 312 | ||
6 | XRP | XRP predictions | 81.2% | 28 | $0.628783 | 1.29% | 3.65% | $34 510 279 075 | ||
7 | USDC | USD Coin predictions | 90.4% | 2 | $1.000067 | -0.02% | 0.01% | $32 524 331 222 | ||
8 | DOGE | Dogecoin predictions | 66.4% | 66 | $0.215672 | -0.54% | 45.00% | $30 984 665 921 | ||
9 | ADA | Cardano predictions | 65.2% | 66 | $0.659879 | 1.59% | 8.33% | $23 481 442 590 | ||
10 | AVAX | Avalanche predictions | 61.2% | 87 | $53.77 | -0.89% | -2.19% | $20 293 559 632 | ||
11 | SHIB | SHIBA INU predictions | 57.6% | 94 | $0.000031 | -3.74% | 17.27% | $18 155 779 036 | ||
12 | TON | Toncoin predictions | 56.8% | 86 | $5.07 | 0.91% | 18.93% | $17 608 340 137 | ||
13 | DOT | Polkadot predictions | 74.4% | 49 | $9.67 | 1.52% | 9.62% | $13 797 724 802 | ||
14 | BCH | Bitcoin Cash predictions | 72% | 57 | $621.45 | 9.32% | 55.65% | $12 231 843 665 | ||
15 | LINK | Chainlink predictions | 78.8% | 42 | $19.11 | -0.91% | 8.11% | $11 217 275 057 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.