Crypto Market Carnage: Altcoins A Sea of Red As Bitcoin Breaks Down

News BTC | Nov 22, 2019 at 6:00 PM
  • The crypto market this morning is a sea of red, following a massive breakdown by the leading cryptocurrency by market cap, Bitcoin.
  • EOS, Binance Coin, and Monero all saw 10% losses, while Stellar, Tron, and Cardano kept losses at bay to just 6%.
  • The market is likely extremely fearful that the bear market isn’t over, and that Bitcoin and the rest of the altcoin space could set new lows, or at the very least fall back toward where bear market lows were set, to confirm breakout points as resistance turned support.