Bitcoin
BTC$19 379.81

1.82%

Ethereum
ETH$1 066.72

0.83%

Tether
USDT$0.999055

0%

USD Coin
USDC$1.000490

0.01%

Binance Coin
BNB$219.20

1.00%

Binance USD
BUSD$1.000913

-0.03%

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 60.8% 88 $19 379.81 1.82% -9.72% $369 859 493 172 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 55.6% 93 $1 066.72 0.83% -13.48% $129 505 183 554 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.999055 0% -0.04% $66 019 070 422 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92% 1 $1.000490 0.01% 0.04% $55 829 935 403 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 61.2% 75 $219.20 1.00% -8.73% $35 790 895 178 BNB 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 95.2% 1 $1.000913 -0.03% 0.03% $17 563 246 032 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 64% 69 $0.318910 2.17% -12.56% $15 417 088 675 XRP 7 days price change
8 Cardano (ADA) ADA Cardano predictions 65.6% 71 $0.451556 0.74% -10.89% $15 241 170 259 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 66% 69 $33.45 2.07% -18.41% $11 489 167 266 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 70.4% 62 $0.066796 1.77% -14.43% $8 861 879 949 DOGE 7 days price change
11 Dai (DAI) DAI Dai predictions 92% 1 $1.000807 0.08% 0.07% $6 927 104 969 DAI 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 69.6% 67 $6.81 1.41% -16.65% $6 721 801 235 DOT 7 days price change
13 TRON (TRX) TRX TRON predictions 62.4% 74 $0.066132 4.44% -4.18% $6 116 428 865 TRX 7 days price change
14 UNUS SED LEO (LEO) LEO UNUS SED LEO predictions 70% 54 $5.89 2.75% 0.12% $5 617 655 186 LEO 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 68% 63 $0.000010 2.16% -12.58% $5 577 553 156 SHIB 7 days price change

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