Bitcoin
BTC$68 340.85

-0.08%

Ethereum
ETH$3 900.06

-0.01%

Tether
USDT$0.998998

-0.03%

Binance Coin
BNB$601.61

-0.07%

Solana
SOL$169.55

1.09%

USD Coin
USDC$0.999988

0%

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 74.8% 43 $68 340.85 -0.08% -3.94% $1 346 628 059 966 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 63.6% 70 $3 900.06 -0.01% 3.30% $468 544 486 799 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $0.998998 -0.03% -0.09% $111 853 096 661 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 94% 6 $601.61 -0.07% -2.65% $88 788 666 517 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 65.2% 73 $169.55 1.09% -6.18% $76 216 247 407 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $0.999988 0% -0.01% $32 462 319 787 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 89.6% 6 $0.529968 0.38% -2.20% $29 376 401 086 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 73.6% 50 $0.165877 -1.15% 0.99% $23 965 093 319 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 69.6% 64 $6.44 0.25% -1.59% $22 372 212 694 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 85.2% 19 $0.458847 -0.37% -8.55% $16 378 313 546 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 82% 33 $0.000026 2.32% 1.34% $15 324 676 755 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 71.6% 52 $37.25 -0.32% -7.84% $14 635 878 478 AVAX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 58.4% 82 $18.21 5.14% 7.55% $10 692 304 380 LINK 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 79.2% 42 $68 468.55 -0.07% -4.05% $10 643 201 463 WBTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 81.6% 33 $7.38 -1.21% -2.38% $10 617 581 024 DOT 7 days price change

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