When Bitcoin gets hit hard, altcoins tend to endure even a harder blow.
As reported by U.Today, the BTC price plunged to the $8,500 level amidst the gory sell-off. As a result, Roger Ver-helmed fork Bitcoin Cash dropped by an eye-popping 22 percent in just a couple of hours. Some other altcoins, such as EOS and Bitcoin SV, somehow managed to drop even more.
The bad news doesn’t stop there. According to commodity trading vet Peter Brandt, BCH will continue bleeding with its price potentially dropping to $127.50 (that hurts!).
Brandt earlier predicted the complete capitulation of Ripple’s XRP, which has also dropped by 11 percent due to the broader market sell-off.