Why altcoin down by down??????
Here are some reasons why altcoin is down, according to a report by 10x Research ¹:
- Ethereum ETF approval has triggered an altcoin dump.
- Token unlocks, such as Aptos APT/USD ($97 million), IMX ($51 million), STRK ($75 million), have totaled $483 million.
- Bitcoin miners have started selling off their inventories.
- Ethereum is under pressure.
- Falling Bitcoin prices have prompted a dump in the altcoin market