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 | 80.8% | 27 | $64 687.23 | 2.95% | -5.03% | $1 273 507 667 352 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 75.2% | 40 | $3 083.56 | 1.45% | -7.25% | $370 253 381 763 |  |
|
| 3 |  USDT |
Tether predictions | 92.4% | 1 | $1.000665 | 0.01% | 0.12% | $109 542 309 166 |  |
|
| 4 |  BNB |
Binance Coin predictions | 87.6% | 20 | $560.39 | 1.65% | -8.44% | $83 796 500 753 |  |
|
| 5 |  SOL |
Solana predictions | 76% | 46 | $146.49 | 5.09% | -12.39% | $65 453 698 269 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.8% | 2 | $1.000243 | 0.03% | 0.03% | $33 220 499 783 |  |
|
| 7 |  XRP |
XRP predictions | 76% | 52 | $0.503906 | 1.29% | -12.18% | $27 779 911 647 |  |
|
| 8 |  DOGE |
Dogecoin predictions | 71.6% | 60 | $0.153763 | 3.83% | -16.64% | $22 134 387 835 |  |
|
| 9 |  TON |
Toncoin predictions | 70.8% | 61 | $6.13 | -1.55% | -7.51% | $21 288 838 009 |  |
|
| 10 |  ADA |
Cardano predictions | 73.6% | 56 | $0.472819 | 5.60% | -10.51% | $16 844 026 751 |  |
|
| 11 |  SHIB |
SHIBA INU predictions | 62.4% | 85 | $0.000023 | 0.41% | -14.68% | $13 459 692 745 |  |
|
| 12 |  AVAX |
Avalanche predictions | 69.6% | 63 | $35.39 | 2.81% | -14.97% | $13 375 234 526 |  |
|
| 13 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 14 |  WBTC |
Wrapped Bitcoin predictions | 79.2% | 30 | $64 604.52 | 2.71% | -5.05% | $10 038 492 269 |  |
|
| 15 |  DOT |
Polkadot predictions | 73.2% | 52 | $6.80 | 2.02% | -11.48% | $9 760 533 932 |  |
