Bitcoin dragged down the entire market, as sell-off events continued, shaking down altcoins on Monday and Friday. BTC fell closer to the $4,000 level, stabilizing somewhat, but the loss of faith in the market has led to talk of much lower prices.
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Bitcoin (BTC) saw two significant sell-offs this week, and is down $2,000 below the previous level of stability. On Friday, BTC prices reached $4,318.89 as of 14:30 UTC, on volumes of around $4.8 billion, of which more than 50% is in pairs with USDT.
The dominance of BTC in terms of market capitalization reached 53.7%, as altcoins shed their positions much faster. BTC is still not immune to capitulation events, as prices of $1,000 are envisioned as a bottom. After a protracted bear market, most participants do not expect a rally any time soon.
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XRP (XRP) became the most exchanged asset on Changelly, as some owners moved from BTC to Ripple’s coin. Still, XRP did not go witho...
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