Money Talk

Ethereum

Submitted by namquain, , Thread ID: 39545

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RE: Ethereum

#16
The crypto market is currently in a bear market meaning that all crypto is in a downward trend likely correcting as a result of bitcoin finally making an initial correction after it's run to 3k this year. When bitcoin crashes so does every other alt currency with it. BTC dominance is still over 40% and this makes all other altcoins heavily codependent on bitcoins performance. If you take a look at Ethereums charts and compare them to BTC charts for example you will see that on a daily scale they are almost identical deviating just slightly. Bitcoin and Ethereum will likely be at these levels for a while and may not make a comeback until the potential segwit X2 activation and hardfork gets settled in August. Even then it will take a while for people to start trusting whatever gets activated.

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