Altcoin Market: There is Blood Everywhere

Altcoin Market: There is Blood Everywhere

TheBitcoin price has broken below the $200-mark, currently settling around $180. With almost analytical eyes settled on this prevailing downward momentum, one may also look at the way with which the altcoin market has reacted to this entire bearish episode. Have a look of these top coins: Litecoin. On January 1st, the Litecoin was valued around $2.73 and later fell massively under the influence of Bitcoin. Charlie Lee earlier recognized how Litecoin price movements are closely following Bitcoin, and hoped for a run up towards the north once Bitcoin rebounds. While this is clearly not....


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The bitcoin price crashed below $300 on October 5. Although it has since climbed back above the $300 mark, the bitcoin price has fallen 6% in the past 24 hours. Because altcoin prices are coupled to the bitcoin price, most altcoin market caps have fallen dramatically. Also Read: Analysis: Bitcoin Price Crash Below $300 - How Much Lower? Bitcoin Price Decline Makes Altcoin Market Caps Bleed. As the CoinMarketCap chart below demonstrates, altcoins have taken a huge hit over the past day. The bitcoin price decline caused nearly every altcoin market cap to fall by default. Additionally, many....