As the bearish and uncertain market momentum continues to affect nearly all cryptocurrencies, tokens, and assets on the market, the next few hours and days will be very interesting to keep an eye on. While Bitcoin is still in uncertain waters, it would appear the IOTA price is struggling significantly. At this time, it is a bit unlikely what is driving this downtrend, although there may be further losses up ahead.

IOTA Price Momentum Looks Worrisome

While Bitcoin is not necessarily impressing cryptocurrency enthusiasts and investors by any means, there is nothing to be overly concerned about either at this time. Unfortunately for the alternative markets, weak Bitcoin momentum will usually result in some very awkward momentum for these altcoins as well. As far as IOTA is concerned, things are not looking too great right now, primarily because the downtrend is visible all across the board.

Over the past 24 hours, the current IOTA price trend is not overly promising by any means. With a net 2.95% loss in both USD and BTC…

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Source: https://themerkle.com/iota-price-turns-sour-despite-promising-ecosystem-developments/