I want to know some speculations about the effect of bitcoin ETF approval in 11 march on the altcoin if positive or negative , as i am not good at market analysis but i am mining many alts and sure i need to know , if bitcoin rises means alts goes down or up ?
bitcoin ETF like many other news about it out there and things that cause bitcoin price rise has no effect on altcoins whatsoever. altcoins move separately in general. it is the pump and dump that guides the market out there.
but there are times when bitcoin price goes up and people because of the change in bitcoin price, move their money to bitcoin market and this can remove some of the supports the particular altcoins had and the regular dumps can crash their prices unless a manipulator puts up some wall.
