The Bitcoin price has broken below the $200-mark, currently settling around $180. With almost analytical eyes settled on this prevailing downward momentum, one may also look at the way with which the altcoin market has reacted to this entire bearish episode. Have a look of these top coins:
On January 1st, the Litecoin was valued around $2.73 and later fell massively under the influence of Bitcoin. Charlie Lee earlier recognized how Litecoin price movements are closely following Bitcoin, and hoped for a run up towards the north once Bitcoin rebounds. While this is clearly not happening, what we have now is a price way below 2013’s bubble point.
At press time, the LTC/USD is valued around $1.24 and has tumbled 20% in the last 24 hours.
Despite being surrounded with utmost positivity, the Darkcoin value reflects no improvements. Once again under the influence of Bitcoin, this anonymity-offering cryptocurrency has dropped from $1.95 to $1.17 in just two weeks. Darkcoin also slipped away from the top-ten cryptocurrency club, when its market cap saw a notable drop as well.
The DRK/USD is currently valued around $1.13 and has dropped by 21% in the last 24 hours.
Dogecoin might be the only altcoin among the top cryptocurrencies that has had a minimum impact from Bitcoin’s crash. Even then, the drop is as notable as others. In over the last two weeks, the Shibe currency has fallen from $0.00018552 to $0.00012958. The community, known for its carefree comic nature, is still optimistic about the future of Dogecoin.
The DOGE/USD is currently valued around $0.000125 and has dropped by 10% in the last 24 hours.
Apart from the aforementioned cryptocurrencies, NXT, Peercoin and PayCoin have also stumbled around 14-, 17- and 25-percent, respectively in the last 24 hours.