Topic: Price of Bitcoin and Ethereum - page 3. (Read 336 times)
Yes it's always been like that. Bitcoin runs the market, period. Amd the reason you are seeing them go up similarly is because a lot of the price action for alts to include ethereum is because it's bought under the alt/btc pairing. So if bitcoin goes up then inherently if demand and supply stay the same then so will the trading pair.
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So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.
Not always, somethings that are happening are the opposite, sometimes yes.So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.
For now, the market is already different, if Bitcoin pumps, altcoins pump, if Bitcoin dumps, altcoins dump, if Bitcoin stays sideways, altcoins pump.
But now it's totally different, like sometimes Bitcoin pump first then after a few days, altcoins especially Ethereum pumps. Or sometimes even Bitcoin already pumping altcoins or Ethereum still in sideways.
Sometimes the prices work very contrary to each other, but there are times when the bitcoin price will experience a drop in price and the ethereum price will be doing the opposite. A good example is just after the Bitcoin ETF approval, when the bitcoin price was dropping and the ETH was doing the opposite.
There are some news stories that could only have a small impact on Bitcoin and a larger one on Eth or other altcoins, but most of the time, the Bitcoin pump always brings about a positive change across other currencies that are also paired with it in the open market and not only ETH.
There are some news stories that could only have a small impact on Bitcoin and a larger one on Eth or other altcoins, but most of the time, the Bitcoin pump always brings about a positive change across other currencies that are also paired with it in the open market and not only ETH.
Generally, prices of cryptocurrencies rise or fall along with bitcoin. This is because investors usually use bitcoin as their standard. If bitcoin’s price is rising, the more they want to invest but they would rather buy cheaper currencies that may perform just as well as bitcoin hence why they will start looking for other altcoins
However, remember that this does not necessarily always happen it still depends mostly on the coin itself and how the investors react to its market. Usually though it is generally a good time to invest in altcoins when bitcoin is increasing.
Just make sure to check the coins you will be investing in. Not all coins will be performing as good as bitcoin, there’s just a huge chance that they might increase as well.
However, remember that this does not necessarily always happen it still depends mostly on the coin itself and how the investors react to its market. Usually though it is generally a good time to invest in altcoins when bitcoin is increasing.
Just make sure to check the coins you will be investing in. Not all coins will be performing as good as bitcoin, there’s just a huge chance that they might increase as well.
Bitcoin is the lead cryptocurrency, it’s the undisputed best coin on the market. Ethereum usually follows the lead of Bitcoin as the whole cryptocurrency sector does. We are all aware of how Bitcoin rolls around its cyclical halving phase, other coins follow it. There are many metrics you can follow to see when it might be a good idea to move some out of Bitcoin & into altcoins to try & take advantage of price increases. Take a look at live Bitcoin Dominance metrics. Overall Bitcoin pumps, so does everything else. Bitcoin dumps, so does everything else.
So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.
A fairly common question. From my perspective, seems they often, though not always, trend together and bitcoin frequently leads blazing the crypto path as first major coin. So its big runs tend to lift other cryptos like Ethereum. And in severe Bitcoin corrections, like 2018, alts like Ethereum can drop even more.
You could, you know, actually look at a chart yourself. It's not brain surgery.
Bitcoin and Ethereum. Bitcoin is the cryptocurrency king. Bitcoin holds the number one position in cryptocurrencies and Ethereum holds the second position. I read somewhere before that when the price of Bitcoin goes up, so does up the price of Ethereum too. And while checking the market today I noticed that, really the price of Ethereum has risen along with the price of Bitcoin, Bitcoin price today is 52k and Ethereum price today is $2825.65, and Bitcoin has gained 15.9% in the last 7 days and Ethereum has gained 16.6% in the last 7 days. So does the price of Ethereum really go up when the price of Bitcoin goes up? And does Bitcoin's bull market actually coincide with Ethereum's bull market? What is your opinion on this matter? And correct me if I'm wrong.
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