BTC plummeted, but altcoins rebounded and took off. Bitcoin is not at a high level, so altcoins have room to play. Previously, Bitcoin has been hovering around $70,000. Big funds are worried that Bitcoin's pullback will drag down altcoins, so they dare not buy rashly. Now, Bitcoin has fallen to $60,000 or even below $60,000, and it has been under selling pressure, and market funds have begun to flow into Ethereum (ETH) and other altcoins. Everyone knows that the "Mentougou" incident may have an impact on the market, and funds will naturally be diverted.
At present, the specific compensation method, compensation ratio, one-time compensation amount, and which exchange to use for compensation have not yet been determined. However, it can be predicted that after the compensation, Bitcoin may fall further, while altcoins may continue to rise. After the "Mentougou" incident, the currency circle may usher in a new wave of bull market.
