As most of the cryptocurrencies are drifting in the red once again, it will be interesting to see how the remainder of today evolves. Since everything hinges on Bitcoin’s momentum, a fair few altcoins may find themselves in a bit of trouble. The Enjin Coin price is an interesting example. Following its price surge a few weeks ago, the overall downtrend is still in effect today.
It has become apparent a lot of the top markets are under immense pressure right now. This is not uncommon where Mondays are concerned, yet it will make a lot of people very twitchy over the next few hours. Bitcoin is not looking all that great right now, which eventually drags all other markets down with it. It will be pretty interesting to see what kind of slaught one can expect, as every volatile period will yield new buying opportunities as well.