On Tuesday, crypto markets slumped, but since then, various altcoins have staged a recovery. However, Bitcoin extended its decline and has now dropped 6% in the past 24 hours.

Altcoins Show Signs of Recovery

This slowed down the massive losses witnessed the previous day when the world’s most traded digital asset plunged 17%. Other coins such as EOS and Ether racked some modest gains with EOS, which plunged 28% on Tuesday, advancing 3.8%.

Investors have associated the Tuesday plunge with the lackluster launch of Bakkt futures contract and the broad risk-off atmosphere in the …

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