Hello,
I've been shocked by the drop of ETH price today. So,I checked CMC and found that all coins dropped. I don't know what happened or why.
So, what happened today? Is this related to some news? where can I follow this kind of stuff?
Thnx
Seem like we are having another market correction on the rise.
The altcoins market is on the path to recovery yet we got another market correction.
Hopefully, the altcoins market will recover after the bitcoin price finishes the current halving in the year 2020.
Most of the sudden price increases will have a lot of other adjustments in this market and I believe that the downtrend will last until the end of this year because altcoins depend heavily on the value of Bitcoin. In fact, everyone expects the uptrend in this market but maybe we will have to wait a little longer because the current market is still very volatile.
I believe top coins like ETH will soon rise again because this is the only altcoin that I believe in and will invest in if the uptrend returns. I'm not sure when that will happen but it is likely by mid 2020 the altcoin season will appear.