Altcoins stay weak even after dovish FOMC as 270 of top 300 tokens fell this week
- —WLD fell 24.1% amid large transfers to exchanges and a token unlock
- —AERO dropped 16.2% after Arthur Hayes was reported selling the token
- —MemeCore rose 29.3% and PEPE gained 11.7% on whale interest
- —Bitfinex says altcoins fell twice as hard as bitcoin and will rebound later
Why it matters: Until bitcoin reclaims $82,500, altcoins are likely to keep underperforming and lag any market recovery.
Source: Bloomingbit