Glassnode: Altcoins Sink Over 5% Over the Weekend in Biggest Drop Since April
- —The average altcoin lost more than 5% over the weekend
- —It was the steepest weekend drop since April
- —Selling pressure was driven by equity-market fears
- —Buying Friday and selling Sunday has historically paid off
Why it matters: Equity-market risk-off is bleeding into altcoins, raising the odds of further volatility when the new week opens.
Source: Coinfomania