Crypto Chaos: Altcoin Capitulation Continues, But Bitcoin Bull Run is Just Beginning5.8

As Bitcoin price approached $14,000 just mere hours after breaking through $13,000, a violent flash crash occurred that knocked the price of the leading crypto asset by market cap down by more than $2,000 in seconds, and with it took out many top crypto exchanges.

While Bitcoin continues to climb, altcoins are experiencing a major capitulation event, reaching lows not seen in years relative to their BTC trading pairs. Now, as even USD values of altcoins start dropping, many are calling for doom for altcoins. However, others believe that Bitcoin profits have started to flow into altcoins at these levels, and soon, they’ll catch up to to BTC in the coming days and finally kick off the alt season analysts have been calling for since the start of 2019.

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