Altcoins Hit Hard In Recent Crypto Sell-Off As Bitcoin And Ethereum Post Large Losses
As the current crypto bloodbath continues, Altcoins are feeling the brunt of selling pressure, suffering double-digit losses in recent trading sessions. Altcoins enjoyed a recent price surge in the past weeks but have quickly experienced a correction giving up most of their gains. However, altcoins weren’t the only tokens to experience large declines. Bitcoin is down over 10% falling below $40k and Ethereum is down nearly 15% trading in the $2,700 range.
By Andrew Senior
January 21st, 2022
According to analysts, Loopring is at a make-or-break point after the price dropped to the confluence of horizontal and daily moving average for 200-days for the first time since late October 2021.
Several prominent crypto traders have predicted an extended drop in NEAR price with expectations that the price could drop to $14.
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