In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.
2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.
Is Bottom Far from here?-- Bitcoin
What happen to tokens if ETH drops 35% more?
When the ETH drops by 35%, our market will lose more than $ 5 billion and the weaker altcoins will die out. I believe our market will filter a lot of garbage altcoins if the price of ETH drops by 35%.