Please can anyone explain to me the reason behind recent decline in bitcoin value and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome
The recent drop in Bitcoin's price was due to the cancellation of the Segwit2x hardfork. People are looting Bitcoin then because they are getting ready to receive free B2X but since the HF was cancelled, they sold their Bitcoins, thus making the price to drop. And when Bitcoin drops, Alts increases. This is because BTC hoders buys alts to conserve their BTC's value.