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 | 58% | 88 | $23 111.56 | 1.40% | 2.46% | $445 467 385 928 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 58.8% | 85 | $1 597.71 | 1.63% | -3.12% | $195 518 478 203 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000214 | 0% | 0% | $67 518 894 139 |  |
|
| 4 |  BNB |
Binance Coin predictions | 64.8% | 72 | $307.54 | 1.77% | 1.44% | $48 561 092 766 |  |
|
| 5 |  USDC |
USD Coin predictions | 92% | 1 | $0.999961 | -0.01% | 0.02% | $43 079 802 564 |  |
|
| 6 |  XRP |
XRP predictions | 67.2% | 74 | $0.411374 | 1.67% | 0.42% | $20 899 274 392 |  |
|
| 7 |  BUSD |
Binance USD predictions | 93.2% | 1 | $0.999970 | -0.02% | 0% | $15 797 945 581 |  |
|
| 8 |  ADA |
Cardano predictions | 60.8% | 79 | $0.389742 | 4.62% | 8.05% | $13 479 166 661 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 61.6% | 75 | $0.087530 | 3.33% | 2.02% | $11 612 632 457 |  |
|
| 10 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  MATIC |
Polygon predictions | 62% | 78 | $1.15 | 6.65% | 12.37% | $10 012 288 547 |  |
|
| 12 |  SOL |
Solana predictions | 56% | 90 | $24.46 | 2.79% | -1.52% | $9 087 126 673 |  |
|
| 13 |  DOT |
Polkadot predictions | 57.2% | 87 | $6.59 | 3.51% | 6.21% | $7 583 086 372 |  |
|
| 14 |  AVAX |
Avalanche predictions | 54.4% | 92 | $20.95 | 17.58% | 20.92% | $6 593 829 036 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 59.6% | 84 | $0.000012 | 3.13% | -2.02% | $6 476 713 621 |  |
