Bitcoin
BTC$70 449.01

-0.61%

Ethereum
ETH$3 550.02

-1.02%

Tether
USDT$1.000260

0.05%

Binance Coin
BNB$617.39

5.34%

Solana
SOL$186.62

0.58%

XRP
XRP$0.628783

1.29%

Who Wants to Buy Bitcoin Now?


08 Dec 2021

#Bitcoin

Since yesterday, Bitcoin has gone from almost $52K to $50.7K. On Tuesday, the crypto market was green on nearly all fronts, including ETH, ADA, XRP, etc. And although the Fear Index continued to remain in the horror zone with 26 points, everyone was buying altcoins. However, BTC did not gain a foothold above the resistance at $51,800, so it is premature to talk about conquering the heights and completing the correction.

Perhaps this is not even a correction now, but a search for the actual price without rose-coloured glasses and excessive optimism. Whether there are still those who want to ride up at their own expense on the market, we will only find out when Bitcoin rises above $56K.

A Grayscale poll found that 26% of American investors have already bought BTC. So, apparently, we just need the remaining 74% to join in. But do they have any motivation? Moreover, the United States has introduced cryptocurrencies into its anti-corruption strategy, although exactly how this will affect the market is unclear.

Aside from the local downward trend in Bitcoin, the cryptocurrency market remains bullish, rapidly changing sentiment and moving from correction to growth. Based on the posts on Twitter, the popularity of cryptocurrencies is only growing. Thus, in partnership with the Gemini crypto exchange, the largest bank in Colombia, Bancolombia, added transaction services with BTC, ETH, LTC, and BCH to its list. Video game developer Ubisoft has launched an NFT platform, and blockchain project Spiral, a division of Jack Dorsey's Block, will improve Bitcoin's Lightning Network.

Among the small altcoins, the hot class of projects related to the metauniverses remains. This topic is so popular that almost any new project considers it its duty to point out the potential for the development of this topic. It seems that investors are recruiting all newcomers to their portfolio, hoping to get an impressive profit if at least one project hits.

However, you should be extremely careful. At the end of November, it seemed that the Covalent coin, issued six months ago, recovered relatively quickly from the traditional drawdown in the first months of its life. However, since the beginning of December, its value has been rapidly decreasing, colouring the first eight days of the month in red and confidently remaining below the offering price. At the same time, this cryptocurrency suits well for intraday trading: for yesterday's session, for example, it grew by 3.62%, although this did not affect the overall “red” result.


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Bitcoin’s continued slide down
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Bitcoin holds its range, but pressure mounts
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Bitcoin looks set to take a severe dive
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Bitcoin set for a deeper correction
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Bitcoin falls under pressure

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 75.6% 42 $70 449.01 -0.61% 11.75% $1 385 553 227 337 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 71.2% 50 $3 550.02 -1.02% 6.17% $426 253 072 703 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000260 0.05% 0.05% $104 531 443 248 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 59.6% 80 $617.39 5.34% 11.04% $92 321 546 061 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 58.4% 88 $186.62 0.58% 9.70% $82 936 975 312 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 81.2% 28 $0.628783 1.29% 3.65% $34 510 279 075 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.4% 2 $1.000067 -0.02% 0.01% $32 524 331 222 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 66.4% 66 $0.215672 -0.54% 45.00% $30 984 665 921 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 65.2% 66 $0.659879 1.59% 8.33% $23 481 442 590 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 61.2% 87 $53.77 -0.89% -2.19% $20 293 559 632 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 57.6% 94 $0.000031 -3.74% 17.27% $18 155 779 036 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 56.8% 86 $5.07 0.91% 18.93% $17 608 340 137 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 74.4% 49 $9.67 1.52% 9.62% $13 797 724 802 DOT 7 days price change
14 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 72% 57 $621.45 9.32% 55.65% $12 231 843 665 BCH 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 78.8% 42 $19.11 -0.91% 8.11% $11 217 275 057 LINK 7 days price change

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