Bitcoin
BTC$20 343.76

0.74%

Ethereum
ETH$1 371.86

1.23%

Tether
USDT$1.000141

-0.01%

Binance Coin
BNB$296.37

0.50%

USD Coin
USDC$0.999980

0.01%

XRP
XRP$0.496669

4.51%

Bitcoin loses $44K support as stocks, Evergrande nerves hit BTC price


20 Sep 2021

#Bitcoin

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.


Related

Bitcoin's extremely low volatility
Bitcoin's extremely low volatility
Bitcoin seems to be regaining defensive status
Bitcoin seems to be regaining defensive status
Has the crypto market first felt the risk appetite?
Has the crypto market first felt the risk appetite?
Bearish Sentiment Persists
Bearish Sentiment Persists
The crypto market has taken a hiatus from the sell-off
The crypto market has taken a hiatus from the sell-off
Crypto bears confirmed their strength
Crypto bears confirmed their strength
Cryptocurrencies: Main Week of the Calendar
Cryptocurrencies: Main Week of the Calendar
Is Bitcoin heading to $15K? Why are the markets suddenly pulling back?
Is Bitcoin heading to $15K? Why are the markets suddenly pulling back?
Crypto market's fragile stability
Crypto market's fragile stability

Top Cryptocurrencies with Price Predictions

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

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2022 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.