Can somebody explain this situation with Cloak why is up when everything else is sinking?
logically altcions are not and should not be connected to bitcoin price. they must act separately and on their own. but realistically this never happens. whenever bitcoin has dropped all the rest of them dropped harder with it.
but exceptions like this happens all the time. if you look at the market in past 24 hours you will always, without exception, see at least 2 coins rising. that is the altcoin pumpers hard at work.
looking at coinmarketcap today's coins were GAS, Edgeless and Cloak
Exactly I think this is good explanation of market situation. All altcoins drpping together with Bitcoin and this spike of CloakCoin is just hard working pump@dump groups. There is few pumps each day.