Altcoins Bleed Out against BTC as Selling Pressure Continues Mounting: Author – CFR

Reported By: CryptoFundReport.com

NewsBTC – Bitcoin has been rallying independent from the rest of the crypto market, which has caused major altcoins like Ethereum to post massive losses against their Bitcoin trading pairs.  This trend has been ongoing for over a month now, with BTC’s uptrend happening in isolation of those seen by other, smaller, altcoins.  One trader is now noting that this trend could persist in the near-term while Bitcoin’s price continues rocketing. He contends that it is best to wait for BTC to stabilize before jumping into altcoins.

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