There’s a bloodbath going on in the cryptocurrency markets. In the past two months, the price of Bitcoin (CRYPTO: BTC) has fallen from $63,000 to around $38,000. And over the last month, the price of Ethereum (CRYPTO: ETH) has dropped from $4,200 to current levels around $2,400.
Almost every other cryptocurrency has followed them lower.
But AMP (CRYPTO: AMP) is different. Last week it started trading on Coinbase (NASDAQ:COIN). This has led to a rally.
There’s a good chance that some of the money that is coming out of the other cryptos is going into AMP and that is pushing it up. If the bloodbath continues, AMP could move even higher.
