📌 Altcoin crisis.
According to Bloomberg, due to major unlocks, sales by early investors are hampering the growth of altcoins.
It is noted that since the price of Bitcoin peaked in March, the market capitalization of altcoins, excluding Ether, has fallen by almost 30%.📉
This is because most market participants are counting more on short-term gains than long-term profits from unlocked altcoins.
