It has not been the best of weeks for all cryptocurrencies, which was somewhat to be expected. Despite Bitcoin attempting another run at $8,000, the momentums imply isn’t there to make it stick. Most of the top markets lost a fair chunk of money as well, with the following top 25 coins going rather deep in the red.
It is a bit unclear why the value of Tezos is dropping so hard all of a sudden, although it seems the ongoing problems with Bitcoin’s value are partially to blame. Unlike what some people might assume, the alternative markets do not lose the same amount of value as Bitcoin percentage-wise, but rather 150% of that percentile or more.