Bitcoin
BTC$20 345.66

0.68%

Ethereum
ETH$1 374.40

1.37%

Tether
USDT$1.000121

-0.01%

Binance Coin
BNB$296.73

0.69%

USD Coin
USDC$0.999979

0%

XRP
XRP$0.495963

4.48%

The lull in the crypto market is coming to an end


31 Aug 2021

#Bitcoin

Bitcoin has been hanging around recently reached levels for the last week and a half, fully reflecting the final phase of the summer lull. However, with the beginning of autumn, the end of vacations, and possibly harsh decisions by the Fed regarding its stimulus policy, we may see the most unexpected turns in price dynamics. If the Fed starts to normalize its policy, the market will face significant stress. What happens if investors realize at one point that the era of cheap money is inevitably ending? A sell-off will begin, and in this case, cryptocurrencies act as a kind of asset that is “not of prime necessity and importance” for big capital.

Bitcoin will likely start to sell off because big investors are hardly crypto-enthusiasts. What can give Bitcoin a powerful growth momentum? The coin needs to become a mass payment tool, which is very unlikely given the complexity of the process for the average user and the extreme volatility.

On the other hand, this keeps US authorities from acting decisively and quickly to curb the development of cryptocurrencies. We all remember how quickly Facebook and Telegram coins were crushed when the prospect of launching massive and cheap substitutes for the US dollar appeared.

Thus, we are now witnessing a precise but delicate balance. Bitcoin is the equivalent of a digital casino, a direction for diversifying investments, a means of payment for geeks, a digital payment testbed for troubled and weak economies, and a kind of offshore for governments that cannot officially interact with each other. And it all works thanks to relatively low volumes relative to the traditional market.

Autumn and winter are traditionally the “hottest” seasons for the global market. With pandemics and lockdowns, many investors have had the opportunity to go on vacation for the first time. This may explain the relative lull in the crypto market. The effects of the coronavirus are just beginning to hit the global economy, and without a steady supply of liquidity, the bubbles inflated by cheap money could start to burst. From now on, you better fasten your seat belts and be ready for the turbulence that will affect all assets without exception.


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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 87.2% 21 $20 345.66 0.68% 4.63% $390 038 684 495 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 65.6% 78 $1 374.40 1.37% 2.72% $168 598 361 729 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $1.000121 -0.01% 0.01% $68 220 841 049 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 82.8% 21 $296.73 0.69% 4.71% $47 874 262 742 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $0.999979 0% 0% $46 433 140 192 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 61.6% 85 $0.495963 4.48% 12.27% $24 728 013 610 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 91.2% 1 $1.000423 0.08% 0.06% $21 051 132 248 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 74.8% 42 $0.435548 0.53% 0.07% $14 921 259 274 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 86.8% 21 $34.35 0.55% 2.13% $12 202 401 025 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 94.8% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 83.2% 21 $0.065040 0.21% 7.22% $8 628 855 287 DOGE 7 days price change
12 Polygon (MATIC) MATIC Polygon predictions 72% 56 $0.849285 1.08% 13.76% $7 417 926 072 MATIC 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 70% 59 $6.51 0.99% 1.37% $7 310 822 407 DOT 7 days price change
14 Dai (DAI) DAI Dai predictions 94.4% 1 $1.000258 0.05% 0.05% $6 791 926 054 DAI 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 91.2% 5 $0.062654 0.54% 4.96% $6 370 364 994 WTRX 7 days price change

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