Bitcoin loses $44K support as stocks, Evergrande nerves hit BTC price
Sentiment takes a battering amid surprise at the extent of the Bitcoin price “nuke.” Bitcoin’s (BTC) fell below critical $44,000 support on Monday as concerns over China spilled over into crypto markets. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding 2% in an hour to hit local lows of around $43,400. The pair had struggled overnight into the new week, as stocks fell in step with renewed worries over the fate of Chinese property giant Evergrande. Amid a general shift away from risk assets, there were few winners beyond the United States dollar on the day. For Bitcoin analysts, however, the drop was still not worth focusing on, as broad market strength remained.
“This BTC dip isn’t extreme,” trader and analyst Rekt Capital reacted on Twitter. “Your emotional reaction to it shouldn’t be extreme either.”
Others were more surprised by the extent of Bitcoin’s knee-jerk losses. Nonetheless, $44,000 had been the first significant buyer support level, this failing to put the brakes on Bitcoin’s slide. A look at buy and sell levels on major exchange Binance thus highlighted levels closer to $40,000 as the next band of buyer interest. Altcoins, meanwhile, beat Bitcoin to daily losses of over 10% for the top 10 cryptocurrencies by market capitalization. Ether (ETH) was challenging $3,000 support at the time of writing, while XRP was the worst performer, down 14% on the day.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 65.2% | 76 | $61 260.18 | -3.02% | -0.54% | $1 154 847 886 762 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 72% | 57 | $4 024.37 | -3.05% | 4.78% | $475 029 097 178 |  |
|
| 3 |  BNB |
Binance Coin predictions | 72% | 60 | $481.66 | 0.28% | 1.80% | $80 341 547 819 |  |
|
| 4 |  ADA |
Cardano predictions | 92% | 12 | $2.16 | -1.14% | -2.37% | $70 995 337 627 |  |
|
| 5 |  USDT |
Tether predictions | 95.6% | 1 | $1.000149 | 0% | 0.08% | $69 584 487 051 |  |
|
| 6 |  SOL |
Solana predictions | 72% | 55 | $202.97 | 1.04% | 28.02% | $61 059 730 630 |  |
|
| 7 |  XRP |
XRP predictions | 76.8% | 50 | $1.093272 | -1.25% | -3.76% | $51 325 127 678 |  |
|
| 8 |  DOT |
Polkadot predictions | 63.6% | 79 | $44.49 | -0.97% | 2.43% | $43 937 978 522 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 74% | 56 | $0.246292 | 0.45% | 4.22% | $32 461 382 763 |  |
|
| 10 |  USDC |
USD Coin predictions | 94.4% | 1 | $1.000400 | 0.05% | 0.08% | $32 427 441 530 |  |
|
| 11 |  LUNA |
Terra predictions | 65.6% | 65 | $42.91 | 3.36% | 16.19% | $17 231 391 175 |  |
|
| 12 |  UNI |
UniSwap predictions | 72.4% | 47 | $25.71 | -3.55% | -0.58% | $15 728 216 583 |  |
|
| 13 |  AVAX |
Avalanche predictions | 70.4% | 65 | $67.18 | 4.25% | 18.98% | $14 799 377 874 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 66% | 75 | $61 271.65 | -3.09% | -0.48% | $13 546 735 109 |  |
|
| 15 |  LINK |
Chainlink predictions | 72% | 50 | $28.91 | -1.77% | 6.80% | $13 326 500 471 |  |
