The price of bitcoin was dropping Thursday, going as low as $52,622 and settling at $52,964 as of press time.
It’s the season for alternative cryptocurrencies, or “alts,” according to Rich Rosenblum, president of crypto market maker GSR.
As of press time, the ETH/BTC pair, which signals traders rotating in and out of bitcoin into and from ether, is up 2.6% and well over 0.05 BTC.
One of the biggest gainers in the altcoin space this year is Binance coin , an asset used to offset trading fees charged on the Binance exchange.
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