Why Bitcoin price and volume rising together is bad news for Ethereum, altseason
Cointelegraph
Published Oct 31, 2020 05:00AM ET
Updated Nov 01, 2020 06:00AM ET
Bitcoin (BTC) is sucking up the volume from the entire cryptocurrency market as it continues to rally. This is causing the alternative cryptocurrency (altcoin) market to pullback, which has seen rising selling pressure and low buyer demand.
On Oct. 30, researchers at Santiment pinpointed the growing volume and dominance of Bitcoin, while Chainlink (LINK), Ether (ETH) and Binance Coin (BNB) struggled. They wrote:
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Written By: Cointelegraph
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