Viewing a response to: @jrcornel/steem-an-easy-way-to-better-understanding-price-movements
I have watched markets for close to 35 years. Too often people try to provide "reasons" for the moves. The truth is there a lot of market variables such as sector rotation, large scale capital flows, and simple sentiment that impact things. As you stated, STEEM is down but so are most altcoins...they tend to run in tandem, for the most part. Posted via <a href="https://steemleo.com/">Steemleo</a>
author | taskmaster4450le |
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Yep, crypto is a different animal than most markets, well sort of. Much like the stock market, on days when the market is green most stocks are up, on a day when the altcoin market is green, most altcoins are up, and vice versa.
author | jrcornel |
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