Altcoins have demonstrated one of the largest depreciations in history, their capitalization has decreased by $ 234 billion over the past two weeks, Glassnode analysts said.

Glassnode said that the decrease affected all the sectors of the altcoin market, while the differences in the dynamics of individual assets were minimal, which indicates a large -scale sale:

“Altcoins showed the largest fall in history, since the market environment becomes more difficult. High volatility and pressure on coins can affect the further dynamics of the market. ”

Against this background, Bitcoin demonstrated relative stability – the price of the first cryptocurrency last week dropped to $ 93,000, then recovered to $ 102,000, and now it ranges at $ 97,000, Glassnode experts said.

Analysts associate the volatility of the asset with macroeconomic factors, including the introduction of new US trade duties and strengthen the dollar. The average purchase price of short -term Bitcoin holders is $ 92,200, which can become a level that determines the further BTC price movement.

Earlier, the general director of Abra Global BarHydt published a forecast according to which a major infusion of liquidity into the American economy can give bitcoin and large altcoin growth pulse.