Altcoin Prices are Struggling to Keep up with Bitcoin

Bitcoin has many cryptocurrency traders feeling bullish after making a strong move to reclaim a position above $7,000. Many altcoins, however, have failed to keep up. ETHEREUM Starting from the top, the first altcoin which has failed to keep pace with Bitcoin price $7461.5 -0.06% is Ethereum (ETH), the second-ranked cryptocurrency by market capitalization and leading operating system featuring smart contract functionality. At the time of this writing, Ethereum $464.868 -0.13% is down 10.90 percent against Bitcoin over the last week. Those looking to buy low may be enticed by ETH/BTC reaching oversold levels on the daily relative-strength index (RSI). Ether is also well below its 200-day moving average, though may have more room to fall before finding any level of support against bitcoin. RIPPLE Ripple (XRP) $0.45923 -0.08% has also been getting slaughtered against Bitcoin. The bank-friendly cryptocurrency — which many believe isn’t a cryptocurrency at all — is …
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