Bitcoin
BTC$56 258.13

-1.35%

Ethereum
ETH$4 489.75

-2.02%

Binance Coin
BNB$611.27

-1.84%

Tether
USDT$1.000332

-0.08%

Solana
SOL$228.23

0.71%

Cardano
ADA$1.67

7.55%

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

Bitcoin correction weakest of 2021 so far as hopes of Santa Claus rally rise
Bitcoin correction weakest of 2021 so far as hopes of Santa Claus rally rise
Bitcoin cools from 1-week highs with key long-term metric echoing $44K
Bitcoin cools from 1-week highs with key long-term metric echoing $44K
Bitcoin retreats, but interest in meta-currencies and ether persists
Bitcoin retreats, but interest in meta-currencies and ether persists
Where will BTC end November 2021?
Where will BTC end November 2021?
The cryptocurrency market holds key levels, gaining after a slump
The cryptocurrency market holds key levels, gaining after a slump
Libertex launches new account type for committed investors
Libertex launches new account type for committed investors
Cryptocurrencies to be tested this holiday season
Cryptocurrencies to be tested this holiday season
A lively backdrop to trade Crypto
A lively backdrop to trade Crypto
The crypto market fall resumed
The crypto market fall resumed

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 75.2% 52 $56 258.13 -1.35% -3.39% $1 062 685 871 647 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82.8% 32 $4 489.75 -2.02% 0.62% $532 409 655 839 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 80% 34 $611.27 -1.84% -6.27% $101 960 292 775 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000332 -0.08% -0.03% $74 127 743 219 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 70% 59 $228.23 0.71% 10.70% $69 756 769 207 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 63.6% 75 $1.67 7.55% 1.04% $55 541 807 746 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 68% 69 $0.966682 -1.39% -6.74% $45 673 121 634 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 95.6% 2 $1.000586 0.01% 0.05% $39 076 707 256 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 62% 77 $35.31 -2.83% -9.08% $34 868 955 794 DOT 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 59.2% 80 $0.206922 -0.17% -5.39% $27 388 014 340 DOGE 7 days price change
11 Terra (LUNA) LUNA Terra predictions 69.6% 68 $66.14 3.27% 50.17% $25 662 261 357 LUNA 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 61.2% 75 $106.91 -9.78% -8.11% $23 943 836 667 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 65.6% 78 $0.000042 -2.73% 1.55% $22 792 818 490 SHIB 7 days price change
14 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 56% 89 $0.692197 -3.51% -8.23% $17 486 981 094 CRO 7 days price change
15 Polygon (MATIC) MATIC Polygon predictions 68.4% 63 $2.09 -0.73% 11.57% $14 682 483 901 MATIC 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.

© 2015-2021 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.