Bitcoin
BTC$62 497.73

3.96%

Ethereum
ETH$3 342.45

4.34%

Tether
USDT$1.000284

-0.01%

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BNB$562.95

4.80%

Solana
SOL$151.79

4.57%

USD Coin
USDC$0.999953

-0.02%

BTC price rises 5% after US Congress passes $900 billion ad for Bitcoin


23 Dec 2020

#Bitcoin

Bitcoin (BTC) price hit highs above $23,500 on Dec. 22 as Monday’s weakness flipped to see bulls challenge previous levels. Data from Cointelegraph Markets, Coin360 and TradingView show BTC/USD returning to positions lost over the weekend, topping out at $23,625 at publishing time. After plugging $21,800 on Monday, the markets have set a different tone today, with Bitcoin gaining over 5% and adding $1,200 in just six hours.

Macro factors combined to support Bitcoin’s appeal, with the United States Congress passing a further $908 billion coronavirus stimulus bill. “Another $900 billion dollar advertisement for Bitcoin,” Tyler Winklevoss, co-founder of exchange Gemini, summarized following the vote. Heatmap orderbook data shows that selling pressure at $24,000 and definitive resistance at $25,000 remained, somewhat dampening prospects of a stronger rally toward new all-time highs.

At the same time, Cointelegraph Markets analyst Michaël van de Poppe warned that a dip below $20,000 would not be “surprising” under current conditions. “People are focused on $19,500 for now, and I think this is a very critical level to watch, but I would not be surprised if we dip below $19,500 towards $18,500 to liquidate all the people that have taken longs at that range,” he summarized in a video update on Tuesday.

Source


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 73.2% 46 $62 497.73 3.96% 9.31% $1 232 824 254 427 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 72.4% 49 $3 342.45 4.34% 9.45% $401 822 790 691 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $1.000284 -0.01% 0.05% $112 568 904 818 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 73.6% 47 $562.95 4.80% 9.27% $83 080 767 428 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 82.4% 29 $151.79 4.57% 7.35% $70 441 320 665 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $0.999953 -0.02% 0% $34 042 764 417 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 79.2% 37 $0.536378 1.46% 21.85% $29 932 767 297 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 85.6% 21 $7.40 0.90% 2.55% $18 561 948 714 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 72.8% 49 $0.117199 3.86% 7.05% $17 008 481 517 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 82.4% 34 $0.433404 0.42% 14.73% $15 550 967 146 ADA 7 days price change
11 TRON (TRX) TRX TRON predictions 79.6% 40 $0.138397 0.56% 10.28% $12 057 302 163 TRX 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 76.4% 44 $26.79 3.41% -0.93% $10 567 742 536 AVAX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 80.4% 37 $0.000018 2.90% 7.01% $10 487 679 156 SHIB 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 95.2% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

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