Crypto Analyst Explains Why ‘Altcoins Could Drop 45–50%’

On Saturday (July 8), popular pseudonymous analyst and trader “Crypto Capo” (“@CryptoCapo_” on Twitter) explained why he believes that altcoins could fall another 45-50% from current price levels. The “U.S. Dollar Index” (DXY)—which is “designed, maintained, and published by ICE (Intercontinental Exchange, Inc.)”—is “an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies”. […]