BTC dips below an essential level to preserve upside chances with volatility reappearing in Monday trading. Bitcoin (BTC) lost $23,000 support on Dec. 21 as Monday trading saw a long-awaited correction begin to take shape. The move comes as U.S. futures also dropped in pre-market hours by roughly 2.5% on concerns over the new coronavirus strain in the U.K.
Data from Cointelegraph Markets and TradingView showed BTC/USD hitting lows of $22,410 at press time, with 24-hour losses totaling around 3.3%. The move confirms suspicions among analysts that Bitcoin is due for a retracement after a week of near-constant gains. Traders are now eyeing $20,000, which orderbook data paints as a potentially formidable support level.
At the start of last week, the largest cryptocurrency was still at under $19,500, a level which Cointelegraph Markets analyst Michaël van de Poppe believes could now form a short-term price target. $22,800, he added in comments over the weekend, forms a crucial area to hold in order to preserve the prospects of further upside.
Major altcoin tokens saw a swift knock-on effect from Bitcoin's losses, with leader Ether (ETH) seeing a 6% daily dive.
| ICOs | Rating | Days left | |
|---|---|---|---|
| 1 | 2local | 5 | 29 |
| 2 | PointPay | 5 | 142 |
| 3 | Ledder | 4.9 | 28 |
| 4 | DogData | 4.9 | 29 |
| 5 | Tycoon | 4.9 | 59 |
| 6 | SerenitySource | 4.9 | 59 |
| 7 | Curate | 4.9 | 89 |
| 8 | IdeaFex | 4.9 | 472 |
| 9 | Pbet | 4.8 | 28 |
| 10 | Sportcash One | 4.8 | 29 |
| Сryptocurrency | CVIX | Price | Change, 24h |
|---|---|---|---|
| Bitcoin | 64 | $48 603.83 | 5.80% |
| Ethereum | 66 | $1 541.48 | 8.03% |
| Cardano | 77 | $1.22 | -1.93% |
| Binance Coin | 86 | $247.79 | 13.48% |
| Tether | 1 | $1.00 | -0.08% |
| Polkadot | 83 | $35.50 | 6.94% |
| XRP | 75 | $0.433900 | 3.81% |
| Chainlink | 68 | $28.88 | 15.74% |
| Litecoin | 67 | $172.37 | 4.96% |
| Stellar | 75 | $0.418400 | 3.49% |
| Exchange | Volume change, 24h | ||
|---|---|---|---|
| 1 | Binance | 4.75% | |
| 2 | Coinbase Pro | 1.85% | |
| 3 | Kraken | 6.80% | |
| 4 | Bitfinex | 8.97% | |
| 5 | KuCoin | 4.90% | |
| 6 | Venus | 12.22% | |
| 7 | Binance.KR | 17.13% | |
| 8 | EtherFlyer | 41.08% | |
| 9 | HBTC | 17.24% | |
| 10 | ZG.com | 4.44% |
