Altcoins Crash Harder Than Bitcoin: RAY, ZEC, LIT and STRK Lose Over 12% in a Day
- —RAY, ZEC, LIT and STRK each lost more than 12% on October 15
- —Total crypto market cap fell 3.7% to $2.7 trillion
- —Zcash saw roughly $20 million in leveraged long liquidations
- —Bitcoin traded near $81,000 while altcoins sold off harder
Why it matters: Thin liquidity and leverage amplify altcoin losses; whether Bitcoin holds above $80,000 will determine if risk appetite returns to smaller tokens.
Source: Coinpaper