Exactly, This is a new phenomena that we are seeing. Before when bitcoin goes up, altcoins bleed. But now its different, both has enjoy a price increase without the the other ecosystem tanking. Which lead me to believed that there are new faces coming to the market willing to pour their cash in it. And then there's the case of investors just shifting funds around. Maybe we can see some Ripple investors dumping it and moving where the real money is, bitcoin ecosystem. Bitcoin just above $17,000 however, I'm sensing a renewed interested. Everyone needs money now after the long holiday spending. And the most logical choice to make money its on bitcoin market. Its just the end of the week and I'm sure that when everyone started to flock into bitcoin, $20,000 would be like a breeze.
Well, when BTC goes up, alts bleed in their BTC price, but their USD price usually stayed the same or maybe dropped a bit as people wanted to jump into BTC train, and I think this is what we are seeing now, as many alts demonstrated simultaneous downside movement when BTC breached $16k again recently. But they will probably keep rebounding after such corrections caused by BTC spikes, because situation seems very similar to what we've seen last year - a big rally on all altcoin markets when investors are buying everything that hasn't been pumped yet. It will probably end just like it ended last time - with a painful crash and bear market while Bitcoin will keep rising more and more.
