Posted 4/5/2024, 3:28:36 PM
Bitcoin Retreat Triggers Broader Crypto Market Sell-Off as Altcoins Plunge
- Bitcoin has retreated from recent highs, triggering a broader crypto market sell-off
- Ethereum is plunging at nearly double the rate of Bitcoin's decline
- The Ethereum/Bitcoin ratio is concerning some as a "death cross", indicating decreasing interest in altcoins
- More speculative cryptos like Dogecoin are underperforming Bitcoin by a wide margin
- This could indicate FOMO for Bitcoin or fear/uncertainty in the overall crypto market