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Crypto Analyst: Altcoin Annihilation Responsible for Bitcoin Breakdown

Crypto Analyst: Altcoin Annihilation Responsible for Bitcoin Breakdown | NewsBTC

This week, the “altcoin annihilation” really ramped up, despite already causing such devastation to crypto investors. The selling pressure and negative sentiment were enough to also drag Bitcoin price down as well. While altcoins are free-falling, one crypto analyst says that although altcoins are currently causing “turbulence” for Bitcoin, it will resume “moon mode” as soon as the alt selloff begins to cool down.