The rise of Bitcoin on $ 7,200 on Thursday has accumulated some pressure on the already marginalized altcoin markets, leading a lot to the free fall
top 20 altcoin lists shows a depressing picture as the rise of Bitcoin leaves many people struggling to stay above the lows of several months
Notable are the Bitcoin Cash fork and the newcomer controversial BitConnect, the opportunistic enthusiasm surrounding the Bitcoin Core chain.
Altcoin losses spread to Ethereum, which lost more than six percent in 24 hours, while the Ethereum fork Classic (ETC) dropped to its highest Low BTC and USD prices since May.
Bitcoin, meanwhile, has highs elsewhere, dominating the market 62.4% – a 2.2% rise over the last day
Propelling the Wall News Street and feverish activity before the SegWit2x rigid fork combine to increase market focus only on BTC, with an altcoin resurgence not materializing
Alts trafficking as expiring puts #Bitcoin.
– Max Keizer (@maxkeiser) November 2, 2017
A broad consensus suggests that the return of all markets must wait after the hard range. Bitcoin itself, however, could retreat earlier, with analyst Cointelegraph Tone Vays today warning of an "inevitable setback" towards $ 5,000.
LIVE NOW Speak $ BTCUSD New ATH of $ 7,000 & How much he can go before an inevitable #Bitcoin / Pullback crash. https://t.co/mhIGEtv8zv
– Vones Tone [#NO2X] (@ToneVays) November 2, 2017