Market Analysis: How Altcoins are Impacted by Bitcoin’s Price Drop26.35

On Nov. 20, Bitcoin (BTC) shredded past its $5000 resistance-level to the $4000 price range, dragging most of the market downwards. Correspondingly, the altcoin market is devastated with Bitcoin and XRP absorbing lost market share.

The market hits new lows with Bitcoin falling towards $4000; going as low as $4050 on Coinbase. The decrease follows the precipitous drop on Nov. 14, marking a 13-month low for Bitcoin

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