Bitcoin and Ethereum are attracting more capital while most altcoins continue to face selling pressure.
According to Wintermute’s latest market report, altcoins fell 5.69% over the past week. The firm also notes that capital is moving toward larger cryptocurrencies, leaving much of the altcoin market struggling to recover.
This creates a difficult situation for altcoin holders. If $BTC rises, many altcoins may continue moving sideways. If the wider market turns lower, they could fall even further.
According to Wintermute’s latest market report, altcoins fell 5.69% over the past week. The firm also notes that capital is moving toward larger cryptocurrencies, leaving much of the altcoin market struggling to recover.
This creates a difficult situation for altcoin holders. If $BTC rises, many altcoins may continue moving sideways. If the wider market turns lower, they could fall even further.