1 min read
Add as a preferred source on GoogleBonk Guy Says Altcoins Held Up Better as Bitcoin (BTC) Fell Near $77,000
He said the relative performance suggested much of the selling pressure on altcoins may have passed.
Mentioned assets
Bonk Guy said most altcoins showed more resilience than Bitcoin (BTC) as it fell from about $79,000 to near $77,000, a comparison he viewed as evidence that token selling pressure may have eased.
He said some tokens also fell, but by less than Bitcoin. He viewed the relative performance as a sign that much of the selling pressure on altcoins may already have passed.
Bonk Guy also said Binance appeared to have bought back most of the tokens sold during the exchange’s Oct. 29 security incident.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.