Rattled retail retreats to Bitcoin, Ether after October crash
Retail traders fled to Bitcoin and Ether after the October crypto crash last year, adding to an already tough year for altcoins.
Retail traders fled to Bitcoin and Ether after the October crypto crash last year, adding to an already tough year for altcoins.
From the Crypto Managers perspective, the shift made sense. After the October crypto crash, retail traders moved into Bitcoin and Ether because they are seen as safer and more liquid during periods of stress. That rotation came at the expense of altcoins, which were already struggling with weak demand, tighter liquidity, and fading speculation. As a result, the flight to the two largest cryptocurrencies reinforced an already tough year for the broader altcoin market.
Source: Original Article
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