Bitcoin Price Dumps and Altcoins Follow Suit

Major Signals

• The significant downside correction of the largest crypto takes below $18k
• ETH and XRP had a 10% and 12% dip, respectively
• Other altcoins like SUSHI, NANO, SNX, and SVG have gone down by over 20%

Similarly, there was a sharp decrease in BTC; other altcoins experienced the same, and corrections seem to continue. Vijay Ayyar added that the correction is temporary because bitcoin is more likely to see an all-time high before any correction occurs.

There were also arguments that other altcoins move in a similar direction as bitcoin. The price of BTC keeps correcting lower, and visiting the $17,000 zone might happen.

Other altcoins might follow that trend too.

How do you feel about the decline? *Were you expecting it also? *