Altcoin Market Update: Spot Selling Pressure Hits Multi-Year High as Demand Stays Weak 

Multiple diverse crypto tokens descending along a red candlestick chart background.

The post Altcoin Market Update: Spot Selling Pressure Hits Multi-Year High as Demand Stays Weak  appeared first on Coinpedia Fintech News

The altcoin market remains under heavy pressure, with CryptoQuant data showing the strongest spot-market selling since tracking began in 2020.  Altcoins excluding Bitcoin and Ethereum have now recorded 15 consecutive months of net selling on spot exchanges, while the cumulative buy-versus-sell volume difference has dropped to its most negative level in more than five years.  …

Read Entire Article


Add a comment