BTC$28 074.88


ETH$1 789.03




Binance Coin


USD Coin




El Salvador moving forward while China widens ban

01 Oct 2021


Bitcoin is up 3% over 24 hours to $43,500. Last night, the benchmark cryptocurrency was down to $41K, where it attracted demand from buyers on the decline. At this point, buyers are starting to buy back BTC quickly, which gives some hope. The coin gets strong support on declines in the $40K area. Over the past month, Bitcoin has beat off attempts by bears in this area 5 times. Nevertheless, increased seller intensity may still play against Bitcoin. Now BTC finally offset the “Chinese news factor” and further news from the Celestial Empire is likely to have less and less influence on the price dynamics of the coin.

BTCUSD daily chart

The Crypto Fear & Greed Index for Bitcoin and major cryptocurrencies is at 20, which corresponds to the “extreme fear” mode. This is a bullish buy signal on a rebound for the first cryptocurrency and this market in general. The RSI index for BTCUSD on the daily chart is in the neutral zone, showing moderate growth and indicating that there is room for growth. Contrary to outside pressures, El Salvador is moving forward with the incorporation of Bitcoin into the economy. The country’s president published a video of the installation of volcano-powered ASICs. Clearly, the country’s government is going ‘all in’ in its experiment on citizens and the economy. News of such nature, if not causing powerful buying impulses, certainly maintains a positive mood among participants of the crypto market.

Nevertheless, if the experiment fails miserably, we may well see an increase in the negative impact on Bitcoin and then on the entire crypto sector. It is difficult to unequivocally condemn and advocate for such a project. It is likely that the success of such an event could be even more dangerous than the failure, as it would cause several countries to follow El Salvador’s example. Globally, there are many countries unhappy with the current world order, the role of the Dollar, and the IMF, but at this stage, betting on Bitcoin is like betting everything “on the red” in a casino.

China is doing exactly the opposite, banning everything related to cryptocurrencies. It has become known that Bitmain, a Chinese manufacturer of Bitcoin mining ASICs, has stopped selling in their country. This is very revealing news, as it is obvious that the Chinese authorities, after weighing all the pros and cons, came to a total prohibitionist position. The authorities of Western countries are usually against such methods, but in practice, they often copy Beijing’s position, albeit in a different kind of wrapper. It is hard to say what size the crypto market will be allowed to grow to, but it is obvious that Chinese-type regulation is getting closer.


HFM Introduces New Virtual Analyst
HFM Introduces New Virtual Analyst
Bitcoin retreats below $25000
Bitcoin retreats below $25000
The nice Bitcoin technique
The nice Bitcoin technique
Bitcoin falls below $20000
Bitcoin falls below $20000
Bitcoin falls below the $22000
Bitcoin falls below the $22000
Powell's speech deepens bitcoin correction
Powell's speech deepens bitcoin correction
Copy Trading Strategies: How to Start Successful Copy Trading
Copy Trading Strategies: How to Start Successful Copy Trading
Which Citizenship by Investment Programs are Crypto-Friendly?
Which Citizenship by Investment Programs are Crypto-Friendly?
Pressure on BTC at the $21500 level
Pressure on BTC at the $21500 level

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 72.4% 54 $28 074.88 1.42% 6.75% $542 595 098 494 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.4% 39 $1 789.03 1.69% 3.73% $218 931 127 624 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000964 -0.12% -0.14% $78 561 748 618 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 72% 51 $322.80 -1.05% -3.47% $50 967 622 478 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 93.2% 2 $0.999332 0.02% -0.05% $34 397 234 540 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 88% 21 $0.428007 -3.02% 15.55% $21 807 340 661 XRP 7 days price change
7 HEX (HEX) HEX HEX predictions 62% 82 $0.099118 -21.02% 13.72% $17 188 210 128 HEX 7 days price change
8 Cardano (ADA) ADA Cardano predictions 77.2% 44 $0.362034 -3.18% 7.81% $12 570 250 725 ADA 7 days price change
9 Lido stETH (STETH) STETH Lido stETH predictions 95.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 74.4% 51 $0.075197 -3.32% 0.49% $9 976 470 500 DOGE 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 77.6% 48 $1.11 -0.93% -6.66% $9 736 000 748 MATIC 7 days price change
12 Solana (SOL) SOL Solana predictions 72.8% 52 $21.64 -0.41% 7.14% $8 304 203 236 SOL 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $0.999552 -0.04% -0.16% $8 060 405 263 BUSD 7 days price change
14 Polkadot (DOT) DOT Polkadot predictions 76.4% 49 $6.15 -0.66% -3.23% $7 188 099 699 DOT 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 71.2% 59 $91.84 1.13% 11.76% $6 663 269 575 LTC 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2023

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.