Bonk Guy Says Altcoins Held Up Better as Bitcoin (BTC) Fell Near $77,000
Photo: TokenPost
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 reports on investing and digital-asset markets for TokenPost.
Source: TokenPost
