The bearish cryptocurrency momentum affecting most, if not all markets, is taking its toll on some of the top altcoins. When Bitcoin puts on the brakes in an aggressive manner, other markets tend to follow suit pretty quickly. If the Tron price is any example of what is yet to come, today will not be a good day by any means. Its value has absolutely tanked and continues to drift lower every hour.
Tron Price Momentum Continues to Sour
It is rather uncommon to see a market on the level of Tron lose so much value in very quick succession. While it is not the first time this happens, once also has to wonder how dire things will get in the hours and days ahead. For now, it seems the onslaught is in full effect, as roughly $10bn has been wiped off the total cryptocurrency market cap in just a few hours’ time. That is usually an indication things will remain pretty brutal moving forward.
Over the past few hours, the Tron price has declined to $0.026, which represents a 13.88% decline. Things are not looking much better in…