no reason for this. The situation is obvious. CB is clogged as is every exchange. Once BTC, ETH, and LTC can move again the alts will rise. This was just some profit taking. BTC is practically pointless other than being the most paired coin but long term this will change.
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saying bitcoin is pointless is like saying nike is no longer relevant. brand recognition matters. bitcoin is king. listen to andreas antonolpolous speak and you will realize btc will always be king. tech advances exponentially. btc team solid- they will fix whats ails it