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 | 87.2% | 21 | $20 343.76 | 0.74% | 4.35% | $390 002 144 811 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 65.6% | 78 | $1 371.86 | 1.23% | 2.24% | $168 287 742 378 |  |
|
| 3 |  USDT |
Tether predictions | 94% | 1 | $1.000141 | -0.01% | 0.01% | $68 222 178 413 |  |
|
| 4 |  BNB |
Binance Coin predictions | 82.8% | 21 | $296.37 | 0.50% | 4.40% | $47 815 124 698 |  |
|
| 5 |  USDC |
USD Coin predictions | 92.8% | 1 | $0.999980 | 0.01% | -0.02% | $46 433 199 437 |  |
|
| 6 |  XRP |
XRP predictions | 61.6% | 85 | $0.496669 | 4.51% | 12.60% | $24 763 202 282 |  |
|
| 7 |  BUSD |
Binance USD predictions | 91.2% | 1 | $1.000043 | 0.05% | 0.03% | $21 043 130 520 |  |
|
| 8 |  ADA |
Cardano predictions | 74.8% | 42 | $0.434909 | 0.55% | -0.40% | $14 899 368 238 |  |
|
| 9 |  SOL |
Solana predictions | 86.8% | 21 | $34.30 | 0.54% | 1.72% | $12 185 648 954 |  |
|
| 10 |  STETH |
Lido stETH predictions | 94.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 83.2% | 21 | $0.066218 | 1.79% | 8.97% | $8 785 142 892 |  |
|
| 12 |  MATIC |
Polygon predictions | 72% | 56 | $0.846366 | 0.82% | 12.86% | $7 392 430 810 |  |
|
| 13 |  DOT |
Polkadot predictions | 70% | 59 | $6.48 | 1.22% | 0.75% | $7 283 638 838 |  |
|
| 14 |  DAI |
Dai predictions | 94.4% | 1 | $0.999775 | 0.01% | 0.02% | $6 788 649 987 |  |
|
| 15 |  WTRX |
Wrapped TRON predictions | 91.2% | 5 | $0.062676 | 0.57% | 4.44% | $6 372 618 183 |  |
