$7,400 to $6,950: Bitcoin Price Drops 2% Within30 Minutes in Crypto Market Bleed

[pooya87]

the title is hilarious! "2% drop and bleeding?"

the funnier part is that it is saying bitcoin fell and then altcoins followed. where in fact if you check the times closely you can see that the drop began with altcoins and they have been experiencing much bigger drop than bitcoin which then led to bitcoin price dropping.

[OrangeII]

even today, bitcoin continues to show a sharp decline. well, whatever affects this. but, worse than that, even the price of ETH also became worse. the decrease in btc in cmc was 12%, while for ETH it was 20%.

[gabmen]

even today, bitcoin continues to show a sharp decline. well, whatever affects this. but, worse than that, even the price of ETH also became worse. the decrease in btc in cmc was 12%, while for ETH it was 20%.

Eth has been in a worse condition that btc obviously and i think that btc is faring quite well even with these sharp declines because it's been slowly inching it's way positively, not breaking that 6.5k mark. Can't say the same for eth though but eventially these two will make a comeback

[1Referee]

Eth has been in a worse condition that btc obviously and i think that btc is faring quite well

Correct. Bitcoin has been the best performer in the longer term picture and that will always continue with how altcoins just don't have much to thrive on other than hype.

Ethereum's price exactly one year ago was $280 while it currently hovers around the $200 level (it even slightly dipped below $200). It's pretty bad if you can't book any sort of growth long term speaking. Bitcoin's price exactly one year ago was around $4100 which means that its price has gone up with 50% based on today's price of $6200!

Once again clear evidence for altcoin noobs that Bitcoin is the only way to go in the long term gains.