{"id":391055,"date":"2019-07-24T19:49:32","date_gmt":"2019-07-24T19:49:32","guid":{"rendered":"https:\/\/wncen.com\/?p=391055"},"modified":"2019-07-24T19:49:32","modified_gmt":"2019-07-24T19:49:32","slug":"altcoins-may-never-again-reach-all-time-high-even-if-bitcoin-hits-100k","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/altcoins-may-never-again-reach-all-time-high-even-if-bitcoin-hits-100k\/","title":{"rendered":"Altcoins May Never Again Reach All-Time High, Even if Bitcoin Hits $100K"},"content":{"rendered":"
With so much negativity suddenly in the crypto market following increased regulatory concerns surrounding Bitcoin<\/a>, Facebook Libra<\/a>, and the rest of the asset class, the sell pressure and fear has caused altcoins to capitulate and even Bitcoin to begin to crash.<\/span><\/p>\n Altcoins are not only dropping to new lows in USD value, but their BTC ratios are at extreme lows. So low, that it if these ratios were maintained all the way to the top of the next Bitcoin bull run, even $100K BTC wouldn\u2019t let most altcoins reach a new all-time high in USD value<\/span><\/p>\n At the start of 2019, altcoins had outperformed Bitcoin<\/a>, with many doubling in value in USD and in BTC ratio. Litecoin is a great example of this, and it stopped its rally after a 600% increase.<\/span><\/p>\n But since April, the once-correlated altcoins diverged from Bitcoin significantly<\/a>, and have since gone on to reach new lows. Investors are capitulating, and much of it is being driven by fears of coming regulation, which has already caused a large portion of the market to be cut off from Binance, the leading crypto exchange.<\/span><\/p>\n Related Reading | The United States\u2019 Distrust in Facebook Libra Is Spilling Into Crypto\u00a0<\/a><\/strong><\/em><\/p>\n Still, most crypto investors are holding out hope for the promise of an \u201calt season\u201d \u2013 a period at which selling in the asset class is fully exhausted, and the low liquidity combined with FOMO drives up the price of each altcoin significantly in no time. Such an occurrence brought many insane returns at the height of the Bitcoin bull run.<\/span><\/p>\n Anyone late to alt season got left stuck holding some expensive bags. Expensive bags that may never again return to their previous all-time high.<\/span><\/p>\n https:\/\/twitter.com\/ceterispar1bus\/status\/37655553<\/p>\nIf Altcoins Maintain BTC Ratio, $100K Bitcoin Won\u2019t Take Them to New ATH<\/h2>\n