Bitcoin
BTC$66 661.99

-0.78%

Ethereum
ETH$3 091.54

-1.38%

Tether
USDT$0.999955

-0.01%

Binance Coin
BNB$576.30

-0.90%

Solana
SOL$172.54

-0.95%

USD Coin
USDC$1.000055

0.01%

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 85.2% 20 $66 661.99 -0.78% 9.21% $1 313 286 357 219 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 86.4% 20 $3 091.54 -1.38% 7.12% $371 376 449 299 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.2% 1 $0.999955 -0.01% 0.03% $111 429 922 801 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 89.6% 6 $576.30 -0.90% -1.94% $85 054 179 016 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 78.8% 42 $172.54 -0.95% 22.98% $77 471 147 278 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 93.2% 1 $1.000055 0.01% 0% $33 497 191 204 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 88.8% 8 $0.512600 -2.07% 4.18% $28 341 122 489 XRP 7 days price change
8 Toncoin (TON) TON Toncoin predictions 70.8% 65 $6.34 -1.61% -7.69% $22 023 425 481 TON 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 79.2% 30 $0.151251 -3.02% 10.32% $21 834 921 284 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 84% 23 $0.469351 -2.51% 9.51% $16 746 496 038 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 80.4% 41 $0.000024 -4.51% 9.69% $14 044 244 503 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 80% 38 $36.06 -4.38% 11.66% $13 802 975 866 AVAX 7 days price change
13 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 85.6% 18 $0.121333 -0.92% -4.35% $10 609 537 077 WTRX 7 days price change
14 TRON (TRX) TRX TRON predictions 88.4% 21 $0.121321 -0.96% -4.20% $10 608 524 161 TRX 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 86% 19 $66 645.37 -0.66% 9.24% $10 363 126 056 WBTC 7 days price change

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