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Topic: How can all (or most) cryptocurrencies rise and fall at the same time? - page 4. (Read 628 times)

legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
Many conditions to trigger the market moving upward or downward

  • Crypto market is only a component of a bigger thing, a whole globalized world with more markets (stock, real estate, energy, etc.) that can be affected by politics, geo-political conflict, crisis, energy crisis, war, etc.
  • If a whole world is in trouble from pandemic, war, recession, crypto market will be affected in particular
  • Inside crypto market, Bitcoin is a leader of the trend. If Bitcoin has a bull run, a crypto market will follow it and vice versa.
  • There are always exceptions that barely move oppositely with a general trend like in past few weeks we are witnessing pumps of low-cap, shit coins.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
How can the prices of 100s of cryptos all move in the same direction at the same time?
Because traders more buy at the same time irrespective of the coin, because traders sell at the same time irrespective of the coin also.

For holding, after bitcoin halving, people fomo and holders buy more during the periods and sell more during the bear time periods.

The price is mostly controlled by bitcoin price, do not get me wrong, I mean when people are buying bitcoin, they are buying altcoins too, when they are selling bitcoin, they are selling altcoins too. That is crypto market and that is the reason.

Mostly because bitcoin (BTC) still acts as sort of the "index" of the cryptocurrency space (just like the SPY with stocks), and that BTC trading pairs have the most trading volume and market liquidity.
This is how it will always be, that is how cryptocurrencies are, following the same trends, but percentage rise or fall always differs.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
Mostly because bitcoin (BTC) still acts as sort of the "index" of the cryptocurrency space (just like the SPY with stocks), and that BTC trading pairs have the most trading volume and market liquidity.

Like it or not this is not going to change any time soon. BTC is still the non-stablecoin coin that has the least risk, hence why it's mostly down less compared to other alts when in bear markets.


Because of exchange bot trader. The bot determines if the sentiment of the market and reduce the order that they set in accordance to the sentiment. That’s why most of coins move on the same direction except for those token that has an active trading activities against the trend like when the project has big announcements or exchange listing which gives the sentiment signal to the bot.

Market makers on exchange is made bot and only few of them is from traders.
Sorry but, wtf is this??
newbie
Activity: 21
Merit: 0
The price and, ultimately, the charts on any given exchange are determined by the price of the most recent transaction. How can the prices of 100s of cryptos all move in the same direction at the same time?
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