When the Bitcoin price tanks out of the blue, all of the other markets will follow suit in quick succession. Today is no exception in this regard, as the entire top 10 – except Tether – has lost over 1% in value. Further down the ranking, the IOTA price is putting up a valiant fight. It genuinely attempts to buck the trend and stay above $0.30. So far, so good, for this market.
It is not all that easy for any cryptocurrency to note solid gains when Bitcoin goes in the red. Although it remains to be seen how long IOTA can avoid this bearish pressure, the current momentum doesn’t look half bad by any means. There is some effort by trades to keep this train going and ensure one MIOTA doesn’t drop below $0.3.