Altcoins are Back in the Red – Bitcoin Cash Price Leads the Sell-Off

Altcoins

Altcoins moved into the red today after generating substantial gains in the last couple of days. The traders are blaming profit-taking-strategies and a bearish environment in the stock market for the potential selloff. The majority of altcoins are retreating at a double-digit rate today.

The stunning bull-run in altcoins lifted their prices to the highest level in the last few months – which is allowing short-term investors to capitalize on gains. Some of the altcoins including Bitcoin Cash (BCH), EOS (EOS), and Populous (PPT) has posted price appreciation of more than 100% since the start of …

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