Several major altcoins have continued to set record highs when paired against the dollar in recent days, despite the loss of value in the BTC markets.
It's been a two - faced session in the cryptocurrency segment, as the most valuable coin drifted lower in a choppy fashion, while
several major altcoins posted lofty...
Not exact matches
Ripple led the retreat — which was far from comprehensive — but
several other
major altcoins posted significant pullbacks as well.
Last week,
several analysts including Willy Woo stated that a
major correction would likely occur after the fork as
altcoin investors who have moved their funds from
altcoins to bitcoin with the sole intent of obtaining B2X reallocate their funds back 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.
NEM was one of
several cryptocurrencies to trade higher at the start of the weekend, although none of the
major altcoins were able to match its more than 20 % gain.
With that in mind,
altcoins still look like a safer bet, even after the bullish move in
several of the
major coins.
The segment had a very eventful week, considering the cancellation of the Segwit2x fork, the bullish moves in
several of the
major altcoins, the new high in Bitcoin Cash, and the late - week dip of Bitcoin that stirred up the market.
BTC / USD within the 1 - hour time frame, the price appears to be gradually forming a head and shoulders pattern, as seen with
several other
major altcoins.
Other signatories include
major USD exchange Bitstamp, Mexico - based exchange Bitso, UK - based exchange Coinfloor, Dutch brokerage and exchange Bitonic / Bl3p,
altcoin exchanges Bittrex and ShapeShift, decentralized exchange Bitsquare / bisq and
several more.