Recent drops in altcoin prices are driven by several factors:
š Bitcoin Dominance: Bitcoinās volatility often drags altcoins down with it.
š Regulatory Concerns: Increased government scrutiny causes market uncertainty.
š Liquidity Issues: Low-volume altcoins are more prone to large price swings.
š Profit-Taking: Investors selling off after gains can trigger big sell-offs.
š Tech Issues: Security breaches or development delays can harm altcoin value.
Stay safe and remain mindful š