As the bearish pressure shows no immediate signs of relenting just yet, there remains a fair bit of uncertainty across the cryptocurrency markets. Even the Tron price is going down significantly, with the hourly chart still looking very bearish at this time.
Tron Price Keeps Taking Hits
Not too many people will be surprised to see Bitcoin dipping slightly in the red over the past few hours. This dip was coming for some time now, yet it has only materialized today. This is problematic for all of the alternative markets, as they primarily rely on Bitcoin’s momentum first and foremost. Even Tron, which is often considered to be the next big thing, is under a ton of pressure right now.
All things considered, it would appear the Tron price is incapable of moving up under these circumstances. With a 5.24% loss, one TRX is now valued at $0.024711. There is also another 4.32% in TRX/BTC, as that ratio has dropped to just 469 Satoshi. As long as that particular market remains under intense pressure, it seems plausible to assume the…