Bitcoin surges 18% after a wild day that saw the cryptocurrency briefly drop below $30,000
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.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 91.2% | 10 | $26 805.87 | -1.40% | 2.56% | $519 755 870 988 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 94.4% | 5 | $1 854.67 | -0.84% | 4.20% | $223 015 422 400 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000096 | -0.02% | 0.03% | $83 230 335 223 |  |
|
| 4 |  BNB |
Binance Coin predictions | 95.6% | 1 | $303.98 | -1.00% | -0.22% | $47 377 323 224 |  |
|
| 5 |  USDC |
USD Coin predictions | 94.4% | 1 | $0.999905 | -0.01% | 0% | $28 877 501 003 |  |
|
| 6 |  XRP |
XRP predictions | 76.8% | 37 | $0.505541 | -0.88% | 12.34% | $26 279 740 617 |  |
|
| 7 |  ADA |
Cardano predictions | 90% | 10 | $0.363936 | -3.17% | 2.01% | $12 695 439 313 |  |
|
| 8 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 84.8% | 17 | $0.071531 | -0.10% | 1.71% | $9 984 428 154 |  |
|
| 10 |  MATIC |
Polygon predictions | 81.2% | 35 | $0.889823 | 0.05% | 1.41% | $8 257 084 812 |  |
|
| 11 |  SOL |
Solana predictions | 79.6% | 29 | $20.61 | -0.54% | 6.81% | $8 175 590 615 |  |
|
| 12 |  WTRX |
Wrapped TRON predictions | 81.2% | 37 | $0.074658 | -1.32% | -3.61% | $7 590 887 095 |  |
|
| 13 |  LTC |
Litecoin predictions | 80.4% | 37 | $92.37 | 3.38% | 9.85% | $6 747 710 768 |  |
|
| 14 |  TRX |
TRON predictions | 81.6% | 35 | $0.074386 | -1.89% | -3.97% | $6 711 481 387 |  |
|
| 15 |  DOT |
Polkadot predictions | 90% | 10 | $5.22 | -2.17% | -0.51% | $6 213 935 139 |  |
