Altcoins typically reflect the price movement of Bitcoin, the biggest cryptocurrency by market capitalization. However, these 2 altcoins, over the past two weeks, outperformed BTC.
Cryptory.net - Bitcoin could drop to $5,000, a 70% plunge from its current price of $17,000, according to a report entitled “The financial-market surprises of 2023” by Standard Chartered.
The quick collapse of one of the largest crypto exchanges has impacted significantly on investors’ sentiment. As confidence is shaken, and selling pressure is strong, who are the biggest sellers right now, long-term or short-term Bitcoin holders?
Cryptory.net - Despite its ban on cryptocurrencies, China has unknowingly become a silent crypto whale and can even drag the crypto market down in seconds if it wants to.