First Mover Asia: Bitcoin Tumbles Below $27K Amid Ongoing Inflation Concerns – CoinDesk

First Mover Asia: Bitcoin Tumbles Below $27K Amid Ongoing Inflation Concerns – CoinDesk

“Altcoins have historically underperformed BTC during bearish phases, and currently they have the added pressure of potential regulatory roadblocks given the nature of their issuance, especially via token sales and such,” Joe DiPasquale, the CEO of crypto fund manager BitBull, wrote to CoinDesk. “Only a small number of Altcoins can realistically survive such market movements and even fewer are likely to see previous all time highs in terms of price.”


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