Bitcoin (BTC) starts the week pushing for $11,000 as ranging behavior continues, but futures gap danger remains. Sunday provided an unexpected boost to Bitcoin after a week of lackluster price performance. This was thanks to an investigation into United States’ President Donald Trump’s tax records, the results of which were published by the New York Times. The details include just $750 in tax paid by Trump in his election-year 2016, while no further links to Russia — a major source of contention at the time. Nonetheless, the publication could have implications for Trump’s chances in the run-up to this year’s election, and markets will be keenly watching for fresh turbulence. Trump himself had fought long and hard to keep his tax records secret. “It’s totally fake news; made-up, fake,” he responded during a White House press conference.
Despite not making progress beyond $11,000, however, Bitcoin is still proving bulls right this month. As noted by various analysts on Sunday, BTC/USD has now spent longer trading above $10,000 than ever before — 64 days on Monday.
Still looking stronger than ever, essential Bitcoin network fundamentals continue to highlight miner dedication. Both weekly average hash rate and difficulty remained bullish as the week began, with difficulty set for a 5.1% increase at the next readjustment in five days’ time.
DXY pits USD against a basket of trading partner currencies and has improved its position considerably since mid-September. As Cointelegraph reported, this strongly contributed to downward pressure on BTC/USD. Despite this, Bitcoin has held up better than expected over the past week, suggesting that the relationship to the index may be easing.
Last week, statistician Willy Woo forecast in advance that Bitcoin would “soon” leave its ties to traditional markets behind, including other safe havens such as gold. In the meantime, however, any decisive move in DXY still has the potential to impact Bitcoin’s price trajectory in the short term.
Bitcoin markets could spend some time grappling with the fallout from South Korean exchange KuCoin’s major hack, estimated to be the fourth-largest in history. Totaling $150 million, some of the stolen funds from the exchange subsequently moved to Uniswap, a popular automated market maker, or AMM, used to trade DeFi tokens and other cryptocurrencies.
According to monitoring resource Whale Alert, millions of dollars in various tokens have left the identified sources of stolen funds to Uniswap over the past two days. The hack did not involve Bitcoin directly, and BTC/USD appeared little shaken by the events — something in marked contrast to previous years when hacks often sparked major price volatility.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 83.6% | 24 | $62 597.13 | -1.85% | 9.04% | $1 232 880 466 172 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 84.8% | 29 | $3 026.11 | -1.28% | 4.71% | $363 445 310 123 | ||
3 | USDT | Tether predictions | 90.8% | 1 | $0.999839 | -0.01% | 0.06% | $110 953 184 310 | ||
4 | BNB | Binance Coin predictions | 88.8% | 17 | $585.68 | -1.10% | 6.43% | $86 439 208 765 | ||
5 | SOL | Solana predictions | 74% | 49 | $148.16 | -4.13% | 20.24% | $66 390 683 252 | ||
6 | USDC | USD Coin predictions | 94% | 1 | $1.000086 | 0.02% | -0.02% | $33 198 283 065 | ||
7 | XRP | XRP predictions | 80% | 33 | $0.527250 | -2.37% | 6.18% | $29 123 150 347 | ||
8 | DOGE | Dogecoin predictions | 76.8% | 45 | $0.149734 | -3.98% | 20.59% | $21 592 691 031 | ||
9 | TON | Toncoin predictions | 72.8% | 50 | $5.87 | -0.63% | 24.65% | $20 373 974 714 | ||
10 | ADA | Cardano predictions | 74.8% | 46 | $0.454596 | 0.61% | 3.59% | $16 210 154 390 | ||
11 | SHIB | SHIBA INU predictions | 74% | 53 | $0.000023 | -3.74% | 7.77% | $13 441 085 021 | ||
12 | AVAX | Avalanche predictions | 73.6% | 54 | $34.86 | -5.46% | 6.79% | $13 266 680 755 | ||
13 | WTRX | Wrapped TRON predictions | 86.8% | 24 | $0.122736 | 2.22% | 2.84% | $10 739 847 756 | ||
14 | TRX | TRON predictions | 87.2% | 21 | $0.122644 | 1.91% | 2.41% | $10 731 801 844 | ||
15 | STETH | Lido stETH predictions | 94% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2024 Crypto-Rating.com
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.