The altcoin market continues to trade very weak. Peercoin and Namecoin made little gains during the bitcoin rally from $235 to $258. But both altcoins fell substantially once big brother closed in the red. We have seen this pattern play out during the previous BTC move up to $300 and now we’re seeing it again. Yesterday BTC/USD closed down by $4.72 dollars, or 1.88 percent. Peercoin on the other hand, fell by 5.5 percent and Namecoin’s losses exceeded 2% yesterday and a further 5 percent today.
Peercoin Down by 5.5 Percent
Peercoin prices fell from $0.323 to $0.305 yesterday, a decline of 5.5 percent. But despite the losses, PPC/USD is still trading just above the low of its range at $0.308 per coin.
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