Bitcoin
BTC$20 353.32

-1.42%

Ethereum
ETH$1 151.44

-2.30%

Tether
USDT$0.998798

-0.02%

USD Coin
USDC$1.000111

0.01%

Binance Coin
BNB$229.09

-1.23%

Binance USD
BUSD$1.001320

-0.01%

Crypto market tops $2 trillion for the first time in nearly 3 months


16 Aug 2021

#Bitcoin

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.


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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 60% 92 $20 353.32 -1.42% -0.53% $388 337 068 695 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 55.6% 90 $1 151.44 -2.30% 3.97% $139 711 766 983 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.998798 -0.02% -0.02% $66 744 611 923 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 94% 1 $1.000111 0.01% -0.01% $55 808 782 078 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 58% 89 $229.09 -1.23% 5.90% $37 404 633 525 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 92.8% 1 $1.001320 -0.01% 0.19% $17 406 616 075 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 63.6% 80 $0.339621 -1.67% 4.92% $16 418 339 027 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 66.8% 75 $0.475803 -0.50% 1.15% $16 059 575 338 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 69.6% 66 $35.74 -5.16% -0.53% $12 249 479 023 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 64.4% 80 $0.067290 -4.07% 4.85% $8 927 450 724 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 65.2% 78 $7.40 -2.37% -2.27% $7 303 239 049 DOT 7 days price change
12 Dai (DAI) DAI Dai predictions 94.8% 1 $1.000334 0.13% 0.07% $6 716 941 097 DAI 7 days price change
13 TRON (TRX) TRX TRON predictions 58.8% 91 $0.066436 0.34% 2.24% $6 144 991 551 TRX 7 days price change
14 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64.8% 74 $0.000010 -6.10% 2.50% $5 582 275 254 SHIB 7 days price change
15 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 74% 50 $5.75 -1.64% -0.47% $5 487 883 492 LEO 7 days price change

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