On Saturday, the first cryptocurrency broke through the psychological mark of $4000 and seemed to start a long-awaited growth — the average rate on CoinMarketCap reached $4207.

But this was followed by a decrease in quotations — at the time of writing the rate BTC was close to $3800. Together with BTC started falling rates of other cryptocurrencies.

It is noteworthy that bitcoin grew more slowly leading altcoins — this has led to the decline of its share in the market capitalization of cryptocurrencies to less than 52%. Fall of the market leading cryptocurrency also “ahead” of the BTC and its share rose slightly. Of the largest altcoins largest decline showed LTC — more than 10% per day.

Source: CoinMarketCap

Recall that Fundstrat Global Advisors analyst Robert Sluymer (Robert Sluymer) said earlier that for the further growth of bitcoin should reach $4200. If the stock goes below $3100, the price of BTC will continue to fall, he added. Bank specialists JP Morgan believe that the “penetration” of $2400 would mean a further drop BTC to $1260.

The head of the blockchain and cryptocurrency trends in IBM Jesse Lund(Jesse Lund) expressed confidence that before the end of the year bitcoin will rise to $5000, and in the future will cost $1 million John McAfee (John McAfee) reacted to the forecast of a top Manager of IBM, and said that the mark of a million per coin BTC will overcome no later than 31 December 2020.