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 | 92% | 4 | $26 369.00 | 0.56% | -2.24% | $514 139 107 500 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 94% | 6 | $1 605.70 | 0.98% | -0.76% | $193 061 640 768 |  |
|
| 3 |  USDT |
Tether predictions | 94% | 1 | $0.999243 | -0.03% | -0.08% | $83 208 140 396 |  |
|
| 4 |  BNB |
Binance Coin predictions | 90.4% | 4 | $212.12 | -0.04% | -0.98% | $32 634 766 460 |  |
|
| 5 |  XRP |
XRP predictions | 89.6% | 8 | $0.499643 | -0.38% | -3.01% | $26 637 136 198 |  |
|
| 6 |  USDC |
USD Coin predictions | 92% | 1 | $1.000070 | 0.01% | 0.01% | $25 484 391 434 |  |
|
| 7 |  STETH |
Lido stETH predictions | 93.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  WTRX |
Wrapped TRON predictions | 88.8% | 20 | $0.085255 | 1.04% | 0.78% | $8 668 426 443 |  |
|
| 9 |  ADA |
Cardano predictions | 92.4% | 8 | $0.244488 | -0.17% | -2.71% | $8 588 498 037 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 93.6% | 6 | $0.060603 | -0.04% | -3.05% | $8 556 370 845 |  |
|
| 11 |  SOL |
Solana predictions | 88% | 22 | $19.27 | 1.43% | -3.80% | $7 951 021 232 |  |
|
| 12 |  TRX |
TRON predictions | 86% | 18 | $0.085514 | 0.55% | 1.15% | $7 618 867 556 |  |
|
| 13 |  TON |
Toncoin predictions | 59.2% | 84 | $2.15 | 1.29% | -10.03% | $7 364 651 373 |  |
|
| 14 |  DAI |
Dai predictions | 92.4% | 1 | $0.999758 | 0.03% | 0.06% | $5 346 596 495 |  |
|
| 15 |  DOT |
Polkadot predictions | 88.8% | 11 | $4.00 | -0.05% | -3.40% | $4 930 596 420 |  |
