Bitcoin
BTC$66 041.52

-1.34%

Ethereum
ETH$3 078.99

-1.29%

Tether
USDT$1.000018

-0.02%

Binance Coin
BNB$573.36

-0.75%

Solana
SOL$169.28

-1.74%

USD Coin
USDC$1.000008

0%

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 88.8% 18 $66 041.52 -1.34% 7.60% $1 301 054 601 690 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 83.2% 20 $3 078.99 -1.29% 5.14% $369 861 425 373 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94.4% 1 $1.000018 -0.02% 0.03% $111 436 886 229 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 92.4% 8 $573.36 -0.75% -4.10% $84 619 678 685 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 76.8% 39 $169.28 -1.74% 16.84% $75 989 826 214 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000008 0% 0.01% $33 486 527 865 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92% 8 $0.507493 -2.59% 1.23% $28 058 766 808 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 65.2% 66 $6.34 -1.59% -9.55% $22 022 061 681 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 81.6% 31 $0.148934 -2.73% 5.66% $21 499 911 534 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 85.2% 22 $0.468449 -3.20% 6.88% $16 714 336 337 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 76% 42 $0.000024 -3.46% 6.14% $14 022 565 533 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 77.6% 38 $36.10 -2.82% 7.51% $13 818 367 367 AVAX 7 days price change
13 TRON (TRX) TRX TRON predictions 84% 27 $0.121232 -1.70% -4.52% $10 600 705 716 TRX 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 81.6% 25 $0.120633 -2.26% -4.59% $10 548 459 707 WTRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 86% 18 $66 120.91 -1.18% 7.77% $10 281 573 603 WBTC 7 days price change

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