For the past day course coins fell by 5% and its market share of digital money has exceeded 52%, as altcoins fell stronger: EOS and Tron, for example, lost 13% of the price.
On Friday, January 11, the average market price of Bitcoin fell to $3650, and then gradually began to grow. Now the course is the first cryptocurrency is $3685 for the past day it has decreased on 5%. The share of coins in the market of digital money continues to grow, today it has reached at 52.3%, although a few days ago was below 51%.
Over the last 24 hours, altcoins have lost a significant portion of the price: the token XRP fell by 8% to $0.33 in Ethereum by 9%, to $129. Among the largest cryptocurrency by market capitalization hardest hit EOS and Tron, their value decreased by 13%.
CoinDesk analyst Omkar Godbole said that the fall in the value of bitcoin is accompanied by a decrease in the number of long positions on the cryptocurrency. Today, the number of longs in the pair BTC/USD exchange Bitfinex dropped to an eight-day low of 237 in 31, the day it fell by eight per cent — the largest fall in a day since December 19.
According to him, cryptocurrency failed to overcome the important level of $4100, now its price is under pressure, it can lead to serious fall in the price of the asset. In the near future the cost of coins is likely to fall to $3566, says the expert.
If the rate of bitcoin will not be able to hold above, it will fall to a low of $3122. In order to again begin to grow in value, the coin needs to gain a foothold above $4100, in this case, she has the ability to run up to $5,000 for a short period of time, said the analyst.