Altcoins Take a Beating Across The Board as Bitcoin Soars!
Today, Bitcoin’s value rose to over $7200 (62.4% market dominance, up 2.2% since yesterday) and applied increasing pressure to the alt coin market. This affects of this rise have even sent some alts into full-on freefall.
By taking a look at the Top 20 Altcoin Listings on Coinmarketcap, you’ll see just how bleak things really are. Many coins are at multi-month lows while Bitcoin continues to rise.
BitConnect stood out as one of the few gaining value and is definitely worth looking into. In addition to BCC, BitCoin Cash also saw strong gains.
Ethereum and Ethereum Classic both taking losses, with Ethereum Classic at it’s lowest price since May.
Hodl on to those alt coins until after the hard fork and watch for a BitCoin pull back towards $5000.