Further, the recent underperformance of alternative cryptos (altcoins) relative to bitcoin suggests a lower appetite for risk among crypto traders. Typically, alts decline more than bitcoin during down markets because of their higher risk profile. The broader risk-off environment could keep BTC’s short-term downtrend intact.
Originally Posted on: https://www.coindesk.com/markets/2022/05/16/bitcoin-struggles-at-27k-30k-support-zone-resistance-at-35k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Damanick Dantes