Today news
About the same in other media
29.11 - 17:49
Seeing red? FUD that! Here's what you should have bought instead of Bitcoin last week
Reading now: 941
We’ve argued many times in the past that the correlation between Bitcoin’s price and the market capitalization of hundreds of altcoins makes very little sense.
Whether you buy into the idea that Bitcoin is digital gold, or a payment mechanism, or both, it doesn’t have a whole lot in common with Ethereum, Shiba Inu, or FTX’s native exchange token.
Well, whether we like it or not, big moves in the price of Bitcoin define crypto markets.
Before Bitcoin slid from the latest all-time high above $68,000 back to the region of $55,000 last week, dragging most altcoins down with it, the crypto market had seen six straight weeks of virtually uninterrupted growth.
But as soon as the market turns red, as it did last week, many traders tend to succumb to
Read more on cointelegraph.comAbout this in other media
$106M worth of Metaverse land sold last week: DappRadar cointelegraph.com /2 years ago
Crypto Market Sentiment Dropped Last Week cryptonews.com /2 years ago
Here’s what we know so far about bitcoin creator Satoshi Nakamoto fnlondon.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Avalanche [AVAX]: Can incoming demand flip market’s bearish bias](https://finance-news.co/storage/thumbs_400/img/2022/2/22/15065_wksk.jpg)
