Bitcoin and Altcoins Hammered

Both the Altcoin Index and Bitcoin have been downtrodden quite a bit. When both are hammered to this extent it suggests that there are outflows from cryptos to fiat. This is a curious situation since the investment setting is risk-off for the moment, and typically cryptos have provided a safe haven. But alas, both the Altcoin Index and Bitcoin have suffered commensurately. The Cryptos Spread Indicator confirms this as it sits at parity.

Interested in the Altcoin Index and the Crypto Spread Indicator? Check them out here!

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