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Altcoins Are Dying – Bitcoin News

21 Jul Altcoins Are Dying – Bitcoin News

Posted at 22:02h in Bitcoin News by

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Altcoins Are Dying

Altcoins

Anyone unacquainted with the cryptocurrency market might assume, casually reading the price of bitcoin in their morning paper, that the past seven days have been good for investors. BTC is up 18% in a week and is now hovering around the $7,400 mark. By any reckoning, that’s good going. But bitcoin’s recent show of strength belies turmoil within the crypto markets. Many altcoins aren’t just down in BTC terms: they’re dying a slow death by 1,000 red wicks.

Also read: Big-Name Insurers Stepping Up Their Crypto Game

Alts Are Submerged in a Bloodbath

Altcoins Are DyingIt’s been a mixed week for cryptocurrency investors. While BTC has been on fire, altcoins have been withering and dying, with lower lows, lower trade volume, and little by way of…

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