Post
Topic
Board Speculation (Altcoins)
Re: Altcoins prices are bleeding heavily
by
miningguru
on 16/11/2019, 07:04:29 UTC
Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coins

do you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?

Well, it all depends on Bitcoin too I guess. but from the volume that we can monitor shows, cryptocurrency is still strong. Bitcoin / crypto which is fluctuating is still normal for now.

You are right the market seems to be a bearish mode, which most of the traders are focusing on Bitcoin that's why the volume of Bitcoin is increasing. Seems altcoins would have huge potential once the price of Bitcoin stable, the dominance of Bitcoin is very high and this makes the prices of altcoins are fluctuating hugely.