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 | 72% | 48 | $28 164.10 | 0.33% | 13.02% | $544 261 794 571 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 81.6% | 31 | $1 787.94 | 1.35% | 5.81% | $218 797 673 934 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $1.001512 | 0.02% | -0.33% | $77 553 405 398 |  |
|
| 4 |  BNB |
Binance Coin predictions | 78% | 46 | $324.78 | -3.14% | 5.19% | $51 279 077 061 |  |
|
| 5 |  USDC |
USD Coin predictions | 90.8% | 2 | $0.998760 | 0.04% | -0.12% | $35 199 682 488 |  |
|
| 6 |  XRP |
XRP predictions | 86% | 15 | $0.444871 | 13.53% | 20.20% | $22 666 568 541 |  |
|
| 7 |  HEX |
HEX predictions | 60.8% | 80 | $0.103499 | 4.55% | 25.69% | $17 947 941 823 |  |
|
| 8 |  ADA |
Cardano predictions | 76% | 51 | $0.371437 | 9.28% | 9.72% | $12 895 992 999 |  |
|
| 9 |  STETH |
Lido stETH predictions | 94.4% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 10 |  MATIC |
Polygon predictions | 73.2% | 48 | $1.14 | 1.42% | -3.43% | $9 978 105 668 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 74% | 55 | $0.074846 | 3.43% | 1.71% | $9 929 845 913 |  |
|
| 12 |  SOL |
Solana predictions | 70.4% | 56 | $22.51 | 0.16% | 8.87% | $8 635 954 598 |  |
|
| 13 |  BUSD |
Binance USD predictions | 96% | 1 | $1.000029 | 0.05% | 0.02% | $8 119 915 835 |  |
|
| 14 |  DOT |
Polkadot predictions | 75.2% | 50 | $6.26 | 1.54% | 0.77% | $7 311 391 259 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 82.8% | 22 | $0.066579 | 3.00% | 0.41% | $6 769 516 188 |  |
