As was somewhat expected, the Bitcoin bulls have finally calmed down a bit. After some spectacular gains all week, the weekend will seemingly bring the opposite. Although losses are still minimal, it is evident there will be some changes moving forward. The Ethereum price, on the other hand, is approaching US$300 again. It has been a rough week for the second-largest cryptocurrency by market capitalization.
Whenever the Bitcoin price goes up – or down, for that matter – altcoins will inevitably suffer. Strong Bitcoin price gains have made the world’s second-largest cryptocurrency by market cap almost look like play money. More specifically, not too long ago, there were discussions regarding Ethereum potentially surpassing Bitcoin in terms of its market cap. Those plans – known as the flippening – have been thrown out the window completely for the time being.
Lees het hele artikel hier.
Reactie plaatsen
Reacties