RATE Group | Bitcoin Stays Strong As Altcoins Crash
42101
wp-singular,post-template-default,single,single-post,postid-42101,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Bitcoin Stays Strong As Altcoins Crash

12 Sep Bitcoin Stays Strong As Altcoins Crash

Posted at 18:34h in Bitcoin News by

[ad_1]

Bitcoin has been retaining its value as altcoins suffer. Credit: Getty Royalty Free

Bitcoin prices have been maintaining stability, even as many alternative protocol assets or “altcoins” suffer notable declines.

As bitcoin trades within a reasonably tight range, altcoins like ether and bitcoin cash have been falling to multi-month lows.

These sharp declines have pushed the value of the digital currency market to as little as $186.2 billion today on CoinMarketCap.

At this point, the broader market has fallen to its lowest value since November 2017, additional CoinMarketCap figures show.

In addition, it is down more than 75% from its all-time high of more than $830 billion reached in January.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

Safe-Haven Asset

When explaining why bitcoin has been holding value while…

[ad_2]

Source link

Tags:
, , , ,