Crypto Market Update Bitcoin Sees Pullback in Volatility, Altcoins Shine
The crypto market has been on a roller coaster ride in recent weeks. Bitcoin has had a stratospheric surge above $20,000 and has now dropped down to roughly $15,000. This is all owing to the current debate surrounding the price of Bitcoin Cash, and also the SEC’s rejection of an ETF proposal. While these occurrences may have produced some confusion in the market, it doesn’t appear to be influencing the fundamentals of cryptocurrencies right now.
Altcoins are still on fire
While Bitcoin suffered a little dip in price during the previous week, altcoins continue to be popular commodities in about cryptocurrency trading. The top 10 coins by market cap (excluding Bitcoin) comprised of just five bitcoin and other cryptocurrencies Monero (XMR), Ripple (XRP), Tron (TRX), a coin called Stellar Lumens (XLM), and Nolan (ADA). The remaining five currencies were EOS, NEO, the original Ethereum (ETC), Dash and IOTA – all altcoins that have been witnessing strong growth over the previous few months.
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