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Ethereum, altcoins risk more downside than Bitcoin if BTC losses $30K, warns analyst

Cryptocurrency40 minutes ago (Jun 27, 2021 04:00AM ET)

Ethereum, altcoins risk more downside than Bitcoin if BTC losses $30K, warns analyst

Altcoin traders and investors should look for cover if Bitcoin (BTC) undergoes major price declines.

So believes Filbfilb, an independent market analyst and co-founder of Decentrader trading suite. In a tweet published late Friday, the pseudonymous entity said a 30% crash in the Bitcoin market could prompt altcoins to drop twice as harder.

Bitcoin price vs. altcoin market cap. Source: TradingView, FilbfilbBitcoin YTD vs. altcoins YTD in 2021. Source: MessariBitcoin consolidation continues inside the $30K-40K area. Source: TradingView.com

Continue Reading on Coin Telegraph

Ethereum, altcoins risk more downside than Bitcoin if BTC losses $30K, warns analyst

Meson Network Raises $3.5M in Fundraising Round
By CoinQuora – Jun 27, 2021

Meson Network has raised $3.5 million in a fundraising event.
The fundraising event was by Libertus, Mask Network, and Hash Global.
Meson Network aims to connect its customers to…

FCA: Binance Group Can’t Engage in Any Regulated Activity in the UK
By CoinQuora – Jun 27, 2021

The UK Financial Conduct Authority issued consumer warnings on Binance Group
FCA said Binance Markets Limited cannot engage in any regulated activity in the UK
The UK Financial…

Crypto Winter Is Coming, Warns Experts
By CoinQuora – Jun 27, 2021

Experts from JPMorgan (NYSE:JPM) and DailyFX say crypto winter is here.
However, other experts say the market has already bottomed out.
Also, there is a rising inflow into…

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