Bitcoins isnt called the father of all crypto currencies for nothing, its because it still have the massive power to control the entire crypto market, anytime bitcoin goes red in price, everything in the market turns red with it, and anytime it turns green, the entire market turns green as well.
Personally, i cant wait for crypto currencies to go fully mainstream while every coin will stand alone, where no coin or token have to depend on bitcoin for their upward or downward movement, and i believe that this can only be achieved when bitcoin dominance drops to maybe 20 or 10 percent atelast, this will mean that the remaining 80 or 90 percent market dominance will be shared amongst altcoins and this will definiately cause some really good altcoins to skyrocket both in market cap and price, right, bitcoin has over 49 percent of all the money in crypto currency, and it still likely to go up, this wont be healthy moving forward into the future.
Topic: Major Altcoins Turn Bullish as BTC Surges Again Over $50K - page 2. (Read 267 times)
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Yes btc have some influence over alts price movement, even though at the moment btc dominance is at %49.72 according to cmc, still btc price movement always plays positive role on alts when price is up and negative when price is down, eth, waves,bnb, are among such major coins who really turned bullish, infact I was a bit surprised to see waves at $20 yesterday although price has correct down to $18 but was really nice to see this coin pumped that high.
Bitcoin is still bullish by the way,,, yes it dropped 3 times in past few weeks but that is very normal in any kind of market much less crypto! And if alts think they can enjoy a bull run without Bitcoin going up higher, they are so wrong. Wait til Bitcoin turns bearish,,, in some months or next year,,, altcoins will be running for the exit.
People are really afraid of holding altcoins when bitcoin showing sign of dumping and as a result they immediately convert it to BTC so they can somewhat feel safe when holding it therefore I think why the altcoin price in general heavily affected by bitcoin's price movement.
Though normally that shouldn't be the case considering many alts also already paired with stablecoins such as USDT or BUSD, it's just people's sentiment could easily be affected by bitcoin as it's the most popular coin.
Just see if bitcoin could reach another ATH again, the other altcoins even the shitcoins gonna be bullish. But one thing for sure though, buy when other people massively selling and sell when other people massively buying.
Though normally that shouldn't be the case considering many alts also already paired with stablecoins such as USDT or BUSD, it's just people's sentiment could easily be affected by bitcoin as it's the most popular coin.
Just see if bitcoin could reach another ATH again, the other altcoins even the shitcoins gonna be bullish. But one thing for sure though, buy when other people massively selling and sell when other people massively buying.
As for the major altcoins that pumped while bitcoin has recovered, it was notably that ethereum is one of it that had turned back bullish.
But anyway, even when bitcoin has dropped and corrected, I saw ethereum that didn't dropped a lot that much during those days and it has made it to $2,600 so easy.
But anyway, even when bitcoin has dropped and corrected, I saw ethereum that didn't dropped a lot that much during those days and it has made it to $2,600 so easy.
Major altcoin reached a new all-time high price after the Bitcoin (BTC) price spiked over $50,000 once again.
Notably, in the last two weeks, the crypto market has dropped three times. While Bitcoin has been moving downwards after reaching the all-time high of $66,000 on April 17. In addition, BTC further fell making a drop to a low of $47,159.49. Read more on Major Altcoins Turn Bullish as BTC Surges Again Over $50K
Notably, in the last two weeks, the crypto market has dropped three times. While Bitcoin has been moving downwards after reaching the all-time high of $66,000 on April 17. In addition, BTC further fell making a drop to a low of $47,159.49. Read more on Major Altcoins Turn Bullish as BTC Surges Again Over $50K
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