Help me understand something... why doesnt altcoin goes up in price when btc price drops?
Overall volume in the whole market cap has slinked...
The general down trend of btc is not bcause of people investing in altcoin people are just cashing out.
The main problem is there is no new volume coming in since a long time, only miners dumping and selling their btc's for Dollars, Euro's...
We had a good time for altcoins couple of months ago, people investing with btc in altcoins but this trend is also as good as over.
Yes there is still money into altcoins, but not enough volume to affect the btc price.
Expect a further downtrend, until something crazy will happen but as for now btc is in bad papers