I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.
and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?
It's true that altcoins most of the time follow Bitcoin's price movements, but it's not always a direct correlation. Sometimes, altcoins might react differently due to various factors like market sentiment and hypes that are created due to project updates. If you look at the charts, you will notice that most of the times, when the price of bitcoin when up fast, other altcoin had the same change, but also when the price of bitcoin started to drop, the altcoins started to drop even worse. Bitcoin can give a general direction to the market, there's no guarantee that alts will always follow the same pattern since the market is very volatile and unpredictable. and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?
