January started with moderate growth for the cryptocurrency

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But a day later, a no less rapid recovery began. market, which reached the resistance level around 720 billion and froze. On January 12, the capitalization fluctuated in the range of 690-720 billion, and the market leader bitcoin could not penetrate the level of 14-14.5 thousand, being in the corridor "13 200 - 14 450", the BTC's share in total cryptocurrencies decreased from 55-58% to 33%. On January 13, the market capitalization reached a new high of 749 billion, after which it reached a peak. After 48 hours the market was estimated at 701-715 million US dollars, on the morning of January 16 the capitalization lost more than 50 billion, falling to 645 billion, by the afternoon this figure was already 579 billion , of the TOP-100 only five cryptocurrencies were in the positive.

As of the morning of January 17, the value of cryptocurrencies was already 520 billion, in the afternoon 445 billion, bitcoin fell below 10000 US dollars. LiteFinance: Cryptocurrency Market Crash: Correction or End |  Litefinance Should investors fear  Peru Mobile Number List a future market crash The official reason for analysts' panic was the statements from China and South Korea regarding the introduction of restrictions on cryptocurrency, that is, those two countries represent the largest trading volume. However, then the trading volume will shift to American exchanges, which are more loyal to cryptocurrencies. In trading circles, opinions are ambiguous: Here you can hear everything, from panic and advice to sell currencies as quickly as possible to the opinion of buying with growth prospects already in a few days.



Some interesting facts: The situation of cryptocurrency reduction in the last 3 days is very similar to what happened on December 22-23. The TOP-100 coins almost unanimously show a loss in value, but some coins on the contrary show a positive one. If the loss of TOP-20 coins in December per day was 25-40%, now the cryptocurrency is slowly depreciating by 15-20% per day. Despite the losses in the last 3 days, bitcoin has more than 45% of the value, in the total share of cryptocurrencies, its weight only increases. If after strong growth in December-January its share was around 32-33%, now it has risen to 37-38%. In January, the growth of TOP-10 coins was very moderate, capitalization grew mainly due to coins from the number of lesser-known coins. For example, a fixed daily growth of the Gas project was recorded in the amount of 23.59% (41st place), Janus 132.78% (91st place).