Bitcoin
BTC$17 068.95

1.50%

Ethereum
ETH$1 278.37

1.23%

Tether
USDT$1.000025

0.01%

Binance Coin
BNB$293.85

-1.52%

USD Coin
USDC$1.000107

0.01%

Binance USD
BUSD$1.000461

0%

Bitcoin drops $1K in five minutes in fresh dip below $60K


27 Oct 2021

#Bitcoin

Ethereum slips below $4,000 as an anticipated correction suddenly takes hold of crypto markets. Bitcoin (BTC) fell sharply on Oct. 27 as $60,000 finally gave way to two-week lows. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $58,000 at the time of writing, hitting its lowest since Oct. 15. The move follows multiple retests of $60,000, with Bitcoin now taking liquidity in a large support wall with $57,000 as its base.

Analysts, as Cointelegraph reported, were already prepared, with some data suggesting a deeper dive to a low as $50,000 would still preserve the overall bull trend. Commenting on the situation meanwhile, Charles Edwards, CEO of investment firm Capriole, blamed leveraged traders for sparking the volatility.

“Basically Bitcoin looks incredible here on most metrics, but leverage traders have gone out of control,” he argued. “We won’t get sustainable price rises until that changes.”

Data showed $500 million being liquidated in a single hour across cryptocurrency.

Altcoins lose big on trend reversal

Ether (ETH) led a bleed from altcoins Wednesday, falling below its hard-won $4,000 support line. Several of the top 10 cryptocurrencies by market capitalization saw daily losses of over 15%, including Dogecoin (DOGE) and Solana (SOL).

Shiba Inu (SHIB) was still largely in the green, up 23% on the day despite the market turnaround and continuing a wild month.


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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 66.4% 75 $17 068.95 1.50% 2.94% $328 093 649 109 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 67.6% 73 $1 278.37 1.23% 6.57% $156 439 268 664 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92% 1 $1.000025 0.01% 0.06% $65 364 325 174 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 65.6% 64 $293.85 -1.52% -1.65% $47 007 631 475 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $1.000107 0.01% -0.02% $43 258 083 171 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000461 0% 0% $22 225 598 039 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 72.8% 57 $0.398567 -0.86% 4.33% $20 043 935 380 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 62% 87 $0.103187 -1.30% 26.67% $13 689 952 284 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 63.6% 74 $0.315840 0.76% 0.33% $10 879 640 850 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 96% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 67.2% 73 $0.916794 5.83% 7.32% $8 007 570 648 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 66% 66 $5.37 -0.13% -0.41% $6 119 440 034 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 91.6% 1 $1.000127 0.05% -0.02% $5 658 986 064 DAI 7 days price change
14 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 66.4% 63 $0.054505 1.26% 4.33% $5 541 826 151 WTRX 7 days price change
15 Litecoin (LTC) LTC Litecoin predictions 61.6% 78 $76.95 -1.25% -0.43% $5 519 967 967 LTC 7 days price change

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