Altcoins See Red as Bitcoin Capitulation Drags Down Market

Altcoins

Almost all the leading altcoins are shrinking in value today after Bitcoin (BTC) crashed below the $7,000 mark earlier on Friday before recovering to around $7,300 at the time of writing.

The sizeable decline in BTC sent crypto investors scrambling as altcoins followed suit, with Ethereum (ETH), Ripple (XRP), and Binance Coin (BNB) leading the way. Ethereum, the largest of the altcoins, dropped nearly 10% earlier today to below the main $165 USD support area. Bitcoin Cash nosedived below $210, while XRP is currently worth just $0.23. Interestingly, Tether actually gained slightly to just above the ...

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