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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.


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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 57.6% 84 $29 906.45 1.19% -0.93% $569 615 124 749 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 56.8% 88 $2 006.73 1.31% -3.60% $242 575 430 000 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 91.2% 1 $0.998861 0.02% 0% $73 191 653 422 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000391 0.01% 0% $53 095 646 398 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 59.6% 88 $316.79 1.33% 4.98% $51 725 100 830 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 60.4% 89 $0.417070 0.10% -2.43% $20 162 437 867 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $0.999756 -0.07% -0.22% $18 513 212 786 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 59.2% 91 $0.535071 0.10% -4.15% $18 052 780 745 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 58.8% 88 $51.57 2.05% -5.27% $17 496 824 554 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 56.8% 92 $0.085116 0.07% -5.10% $11 292 451 422 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 56.4% 87 $10.08 0.86% -9.13% $9 955 703 739 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 59.6% 90 $31.39 4.58% -10.83% $8 448 611 482 AVAX 7 days price change
13 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 57.6% 84 $29 892.78 1.26% -0.99% $8 268 429 569 WBTC 7 days price change
14 TRON (TRX) TRX TRON predictions 70.8% 53 $0.076139 2.55% 10.86% $7 366 589 571 TRX 7 days price change
15 Dai (DAI) DAI Dai predictions 94% 1 $1.000541 -0.05% 0.02% $6 532 230 569 DAI 7 days price change

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