Bitcoin
BTC$23 111.56

1.40%

Ethereum
ETH$1 597.71

1.63%

Tether
USDT$1.000214

0%

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BNB$307.54

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USD Coin
USDC$0.999961

-0.01%

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XRP$0.411374

1.67%

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

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