Altcoins plunged steeply on Feb. 14 after the price of Bitcoin (BTC) achieved a new all-time high above $49,000.
The timing of the altcoin market’s drop was noteworthy because it corrected as BTC was rallying, which typically does not happen.
So why exactly did altcoins crash?
There are two main reasons why the altcoin market pulled back despite the strength of the dominant cryptocurrency.
First, when the price of Bitcoin rallied to a new record-high, it sucked out most of the volume in the…
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