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Tezos Rally Fizzles After 100% Gain — Likely Top for XTZ/BTC Appears

Published 12/10/2019, 01:32 PM
Updated 12/10/2019, 03:21 PM
© Reuters.  Tezos Rally Fizzles After 100% Gain — Likely Top for XTZ/BTC Appears
BTC/USD
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Lately, Bitcoin (BTC) price has been trading in a range that favors bears and this has led traders to shift their focus to altcoins.

Interestingly, there has also been some very volatile price action taking place over the past 24-hours, especially with Binance Initial Exchange Offerings (IEOs) like Matic Network (MATIC) which dropped 60% on Dec. 9. This drop led several other Binance IEO’s to dump and a handful of non-IEO altcoins also followed.

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