When will the bull run resume?
The crypto market continued its downward trend on Saturday, May 17, with most altcoins erasing some of their recent gains.
Bitcoin (BTC) price dropped from this week’s high of $105,000 to $103,000. Some of the top laggards were Pi Network (PI), Bonk (BONK), Floki (FLOKI), and Pudgy Penguins (PENGU), which dropped by over 10%.
Bitcoin is often the main driver in the crypto market. In most cases, altcoins rally whenever the top coin is on an upward trend and fall when there’s a retreat. For example, most of them surged by double digits recently when Bitcoin broke the resistance at $90,000 and reached $105,900.
In this case, altcoins are falling because…
