Bitcoin price movement vs altcoins
Hello everyone
So it is no more news that bitcoin is the number one crypto on the crypto market globally and most of the altcoins tend to follow the market direction of bitcoin , meaning that if bitcoin is rising , the altcoins tend to follow it and they rise too , when bitcoin is falling , the altcoins will fall..basically that is the way most of us or all of us see the behaviour of the coins on the crypto market.
But recently i observe something which makes me have different feeling about the crypto market , when bitcoin is rising , many of the altcoins move too but tend to move slower , not bad right ?? The sad part is that if bitcoin is falling , most of the altcoins fall more and even fall faster , for example if bitcoin falls by 10% , many of the altcoins can fall by 30% while some altcoins will even go extinct..
I personally wish if other altcoins can just behave independently without relying on the market direction of bitcoin , that will encourage more investors to invest on altcoins too and there will be healthier competition on the crypto market and the crypto trading business
