Massacre in cryptocurrencies families
Recently, market cap for cryptocurrencies was over $100 billion for the first time. Bitcoin (BTC) led the group, second in the group was Ethereum while other altcoins followed. However, many traders were disappointed on Monday, 26 2017 as 92 of the top 100 cryptocurrencies by market cap experienced a marked price drop. The giant cryptocurrency, bitcoin, fell by 8% $2,356.14 followed by Ethereum dropped to $229.39. Other altcoins were not escaped.
Why is it that if the price of bitcoin declined or appreciated, the price of other cryptocurrencies will be affected? The reason is that most altcoins rely on bitcoin as their major trading pair
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