Anyone unacquainted with the cryptocurrency market might assume, casually reading the price of bitcoin in their morning paper, that the past seven days have been good for investors. BTC is up 18% in a week and is now hovering around the $7,400 mark. By any reckoning, that’s good going. But bitcoin’s recent show of strength belies turmoil within the crypto markets. Many altcoins aren’t just down in BTC terms: they’re dying a slow death by 1,000 red wicks.
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