Strong selling can be seen in altcoin markets during the past few weeks. People moved money to BTC to collect the ‘free fork money’. Large losses can be seen across the board versus bitcoin with both ETH and Dash making new lows.
New Lows for ETH/BTC
The ETH vs BTC ratio got even lower this week, falling to 0.03712 earlier today. We have since bounced back somewhat and the pair is quoted at 0.04047 BTC right now. This is a loss of close to 20 percent since our last update. Read more: https://blog.fxopen.com/altcoin-sell-off-repeats/