It has always been difficult to make sense of the cryptocurrency markets and their momentum. Today is no different, even though there are some very bothersome trends. Despite a small push by Bitcoin, the Ethereum price remains well behind. It is evident a lot of speculators are cooling off on this alternative to Bitcoin right now.
A lot of things have changed for all cryptocurrencies over the past 24 hours. Most of those movements do not make any real sense, at least on paper. It is evident all altcoins followed Bitcoin’s lead by example, perhaps now even more than otherwise. Bitcoin has lost a fair bit of value last night, and the altcoins saw double-digit retraces as a result.