Crypto market tops $2 trillion for the first time in nearly 3 months
Bitcoin topped $48,000 over the weekend, its highest level since mid-May but pared some of those gains on Monday. On Saturday, the digital coin hit $48,126.47, its highest level since May 17, according to Coindesk data. Around 2:49 a.m. ET on Monday, bitcoin was trading at $47,442.40 The bitcoin recovery comes after it sold off heavily in June and July, even dropping below $30,000 following a record high of over $64,000 in April.
“I do believe this (bitcoin’s rise) is the result of massive accumulation” when bitcoin was trading around $29,000 to $30,000, according to Vijay Ayyar, head of business development at cryptocurrency exchange Luno. Bitcoin’s rise helped push the value of the entire cryptocurrency market above $2 trillion on Saturday for the first time since mid-May, according to data from CoinMarketCap which tracks the prices of digital coins.
The crypto market has faced a number of headwinds over the summer. One of the biggest was the renewed regulatory scrutiny on the industry from authorities in China which has forced bitcoin mining operations to shut down and move elsewhere. That was one of the biggest reasons for bitcoin dropping below the $30,000 level. Meanwhile, the U.S. Senate passed a massive infrastructure bill last week without any of the proposed amendments on crypto tax reporting that had delayed its passage. That was seen as a blow for the crypto community, but some said it showed the U.S. government was taking the industry seriously.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 74.4% | 54 | $68 221.63 | 1.27% | 2.38% | $1 346 132 518 889 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76.8% | 47 | $3 277.70 | 0.62% | -6.01% | $394 072 124 681 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $1.000294 | 0.04% | -0.03% | $114 362 869 613 |  |
|
| 4 |  SOL |
Solana predictions | 64.4% | 70 | $186.46 | 3.76% | 10.05% | $86 651 629 563 |  |
|
| 5 |  BNB |
Binance Coin predictions | 77.6% | 42 | $588.60 | 1.71% | -0.56% | $85 893 706 101 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.8% | 1 | $1.000218 | 0.01% | 0.02% | $34 165 068 764 |  |
|
| 7 |  XRP |
XRP predictions | 62.4% | 86 | $0.601322 | 0.08% | 1.60% | $33 650 519 304 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 72% | 55 | $0.135778 | 4.40% | 6.72% | $19 726 589 838 |  |
|
| 9 |  TON |
Toncoin predictions | 83.6% | 31 | $6.74 | -0.27% | -8.09% | $16 954 582 289 |  |
|
| 10 |  ADA |
Cardano predictions | 72.4% | 49 | $0.417851 | 0.74% | -4.48% | $15 002 527 040 |  |
|
| 11 |  TRX |
TRON predictions | 86.4% | 18 | $0.137290 | 0.44% | 2.02% | $11 952 578 512 |  |
|
| 12 |  AVAX |
Avalanche predictions | 77.6% | 38 | $28.70 | 1.64% | 1.95% | $11 330 467 420 |  |
|
| 13 |  STETH |
Lido stETH predictions | 93.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  SHIB |
SHIBA INU predictions | 84.4% | 30 | $0.000017 | 2.35% | -3.05% | $10 173 129 198 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 90.8% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
