Bitcoin price drops to $22.4K after weekend all-time highs
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.
BTC price falls to $22,400
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.
Altcoins feel the pain
Major altcoin tokens saw a swift knock-on effect from Bitcoin's losses, with leader Ether (ETH) seeing a 6% daily dive.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 74% | 54 | $67 706.14 | 1.90% | 2.01% | $1 335 948 390 898 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76.8% | 47 | $3 281.21 | 3.63% | -6.52% | $394 494 751 413 |  |
|
| 3 |  USDT |
Tether predictions | 95.6% | 1 | $1.000129 | 0.02% | -0.04% | $114 343 982 006 |  |
|
| 4 |  SOL |
Solana predictions | 68% | 71 | $181.98 | 4.78% | 7.02% | $84 550 065 137 |  |
|
| 5 |  BNB |
Binance Coin predictions | 78% | 41 | $579.05 | 1.11% | -1.52% | $84 500 124 655 |  |
|
| 6 |  USDC |
USD Coin predictions | 92% | 1 | $1.000181 | 0.02% | 0.02% | $34 131 195 324 |  |
|
| 7 |  XRP |
XRP predictions | 60% | 86 | $0.603888 | 0.68% | 5.26% | $33 794 079 216 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 71.6% | 55 | $0.134321 | 7.26% | 7.04% | $19 514 149 036 |  |
|
| 9 |  TON |
Toncoin predictions | 82% | 30 | $6.68 | 0.78% | -8.51% | $16 800 802 508 |  |
|
| 10 |  ADA |
Cardano predictions | 76.8% | 49 | $0.414814 | 3.90% | -4.75% | $14 893 010 858 |  |
|
| 11 |  TRX |
TRON predictions | 88% | 18 | $0.137564 | 1.55% | 2.08% | $11 976 532 574 |  |
|
| 12 |  AVAX |
Avalanche predictions | 75.2% | 40 | $28.71 | 5.33% | 1.85% | $11 334 689 323 |  |
|
| 13 |  STETH |
Lido stETH predictions | 92.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WTRX |
Wrapped TRON predictions | 93.2% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 |  |
|
| 15 |  WBTC |
Wrapped Bitcoin predictions | 92.8% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |  |
