When the bearish pressure affecting the top cryptocurrencies does not relent on a Monday morning, things are not looking all that great. Of the top 20 projects ranked by market cap, 17 of them are in the red at this time. The Tron price is still under a lot of pressure these days, even though most traders expected something else entirely. It will be interesting to see what comes next, yet an uptrend seems very far away under these conditions.
It is evident the momentum keeping Bitcoin in a very tight grip doesn’t bode well for all alternative markets. While no one will be surprised by this particular development, it is a very annoying aspect to deal with. Regardless of how altcoin, token, or asset ecosystems might be evolving, they will not see any positive price momentum if Bitcoin isn’t up for it either. Tron makes for a good example in this regard, as its behind-the-scenes developments are potentially interesting. However, the TRX price is still piling up the losses at this time.