RATE Group | Why Are Altcoins Falling Faster Than Bitcoin?
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Why Are Altcoins Falling Faster Than Bitcoin?

20 Aug Why Are Altcoins Falling Faster Than Bitcoin?

Posted at 10:59h in Bitcoin News by

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In the digital currency space, it’s common for many coins and tokens to move in similar patterns. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it’s likely that other players in the space will drop at the same time.

In recent weeks, as many cryptocurrencies have fallen even further in what has already been a tough year so far, this pattern has held. However, as a report by Zycrypto.com indicates, something interesting has been happening: ethereum and other altcoins have been hit harder than bitcoin, overall. Why is it that altcoins are suffering more significant losses than the top digital currency?

Bitcoin ETF News

The report indicates that bitcoin has commanded more than 50% of the total cryptocurrency market cap in recent weeks. One important turning point for the crypto space was the announcement that the U.S. Securities and Exchange Commission (SEC) would delay any…

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