The cryptocurrency market pivoted lower this week, as bitcoin and most major
altcoins experienced a broad correction.
Many
altcoins experienced price increases, but their combined progress could not keep the total cryptocurrency market cap from dipping below the $ 200 billion mark.
The cryptocurrency market pivoted lower this week, as bitcoin and most major
altcoins experienced a broad correction.
The historic rally in the cryptocurrency reached even higher today, with Bitcoin getting even closer to the $ 10,000 mark and
some altcoins experiencing another day of...
All altcoins experience a much lower transaction volume than Bitcoin currently does; there is usually very little need for a block size limit increase at all.
Many
altcoins experiencing price dips are no doubt simply victims of investors selling off their coins to buy back into Bitcoin — or whatever the altcoin du jour happens to be on a given day.
Not exact matches
At the time of this writing, Bitcoin is currently holding above the $ 9000 level, while the majority of
altcoins — which all enjoyed significant run - ups over the past couple of weeks — are finally
experiencing a much - needed
Motely Fool writes that it was the only cryptocurrency in February 2018 that
experienced significant gains among the top 5
altcoins.
Do you that the
altcoin markets will continue to rally in the coming weeks, or are
altcoins just
experiencing a dead cat bounce?
Traders may be swapping their
altcoin profits for BTC, given that it is one of the few major coins to not
experience a significant price increase over the past two weeks.
But this cryptographic currency had already seen its end as it suffered from what most
altcoins are bound to
experience and eventually vanished from the market.
Bitcoin, now being considered as a safe haven asset also
experienced an increase in demand as investors / traders shifted from
Altcoins to Bitcoin.
The Bitcoin vs. Bitcoin Cash showdown has been undoubtedly the main event in the crypto segment during the weekend, but
altcoins have also been active, with several of the majors
experiencing heavy trading.
While some investors new to the cryptocurrency market have swallowed a bitter pill over the last month, many
experienced investors are frothing at the mouth, eager to purchase Bitcoin and
altcoins at what can be construed as a steep discount.
Alternative cryptocurrencies (
altcoins) have also seen sharp declines in 2018, with many
experiencing significantly greater losses than Bitcoin.
Furthermore, the BTC rise has definitely affected
altcoins who are not
experiencing the traditional price spikes they usually get when BTC rallies.
Similarly,
altcoins that are built using the Bitcoin protocol usually
experience the same kind of boost in price.
On top of the profit investors make from selling - off all of their
altcoin, investors will
experience capital gains from selling their Bitcoin at an artificially high price and then purchasing Bitcoin back once the price is lower.
This dependency makes several
Altcoins susceptible to subtle changes constantly occurring in the market and consequently, when Bitcoin
experience a massive loss in its price, other dependent coins plummet commensurately.
Since the new year, bitcoin and its
altcoin peers have
experienced multiple crashes.
As
experienced traders will aver, the best time to buy
altcoins is when bitcoin is stagnating.
This further exacerbates the situation that Ripple and other
altcoins are
experiencing recently, with many strong performers such as ADA, XEM, TRX, and a few others showing the first real pullbacks in weeks.
Litecoin: Litecoin after
experiencing stagnant growth over the past few months is currently on track to be one of the best performing
altcoins in the top 10 categories based on coin market cap.
It seems that the trend has trickled down to the
altcoins with most of them
experiencing significant gains.
Ethereum World News (blog) Litecoin Price Returns After
Altcoin «Battering» by Bitcoin — AnalysisEthereum World News (blog) The same experience did almost all altcoin's go through as Bitcoin and Bitcoin Cash were on a surge mo
Altcoin «Battering» by Bitcoin — AnalysisEthereum World News (blog) The same
experience did almost all
altcoin's go through as Bitcoin and Bitcoin Cash were on a surge mo
altcoin's go through as Bitcoin and Bitcoin Cash were on a surge momentum.
In a recent interview with CNBC, Burke specifically mentions that bitcoin and assorted
altcoins will
experience massive bull runs «after February,» thus pushing the cryptocurrency market beyond the trillion - dollar mark.
With Bitcoin and
altcoins alike having
experienced one of their worst weeks on the exchange since April 2013, the crypto community has anxiously been awaiting for prices to recover.