Bitcoin
BTC$56 268.54

9.76%

Ethereum
ETH$3 221.29

4.16%

Tether
USDT$1.000545

0.05%

Binance Coin
BNB$397.98

2.31%

Solana
SOL$111.02

7.09%

XRP
XRP$0.554224

2.86%

Bitcoin surges 18% after a wild day that saw the cryptocurrency briefly drop below $30,000


24 Jun 2021

#Bitcoin

Bitcoin continued to rebound from its lows for the year on Wednesday. The cryptocurrency sank below the key $30,000 threshold Tuesday, at one point briefly erasing all its 2021 gains. It later recovered to turn positive for the day. On Wednesday, bitcoin climbed back above the $34,000 mark to trade as high as $34,367 in early morning trading, according to Coin Metrics data. It last changed hands at $33,641.27, up 3% on the day.

Smaller rivals also surged, with ether rising 6% to $2,014 and XRP up 9% at a price of 64 cents. The reason for the moves higher wasn’t clear, but cryptocurrencies are known for their volatility.

Bitcoin had a solid start to the year, rallying to an all-time high of almost $65,000 ahead of crypto exchange Coinbase’s blockbuster debut and as institutional investors appeared to be warming to it. But the world’s biggest digital coin has been on a rollercoaster ride since, almost halving in value amid a slew of negative news. In China, authorities have been clamping down on bitcoin mining, the power-intensive process for validating transactions and generating new bitcoins. Over the weekend, China’s crackdown on crypto mining extended to the hydropower-rich Sichuan province.


Related

NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
Tips to Choose the Right Second Citizenship Program
Tips to Choose the Right Second Citizenship Program
Bitcoin’s continued slide down
Bitcoin’s continued slide down
A new round of crypto market mistrust
A new round of crypto market mistrust
Bitcoin holds its range, but pressure mounts
Bitcoin holds its range, but pressure mounts
Bitcoin unlikely to end correction
Bitcoin unlikely to end correction
Bitcoin looks set to take a severe dive
Bitcoin looks set to take a severe dive
Bitcoin set for a deeper correction
Bitcoin set for a deeper correction
Bitcoin falls under pressure
Bitcoin falls under pressure

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 60.4% 79 $56 268.54 9.76% 8.70% $1 105 056 355 581 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 59.6% 81 $3 221.29 4.16% 10.49% $387 050 238 819 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000545 0.05% 0.12% $98 117 032 200 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 64% 69 $397.98 2.31% 11.72% $59 515 671 450 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 75.6% 44 $111.02 7.09% 1.69% $49 106 979 986 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 84% 22 $0.554224 2.86% -1.61% $30 257 460 569 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $1.000039 0.01% 0.02% $28 537 011 026 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 68.8% 67 $0.619217 6.09% -0.60% $21 964 701 688 ADA 7 days price change
9 Avalanche (AVAX) AVAX Avalanche predictions 76% 51 $39.26 6.42% 0.65% $14 808 155 201 AVAX 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 89.2% 17 $0.092309 7.81% 6.43% $13 222 641 504 DOGE 7 days price change
11 TRON (TRX) TRX TRON predictions 71.6% 61 $0.140867 2.15% 2.73% $12 396 268 852 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 70.4% 61 $0.140599 2.12% 2.89% $12 372 755 252 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 72.8% 46 $19.04 3.04% -2.39% $11 175 771 568 LINK 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 74.4% 52 $8.10 4.73% 4.17% $10 398 739 367 DOT 7 days price change
15 Lido stETH (STETH) STETH Lido stETH predictions 93.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

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.