Can anyone here explain me how the cryptomarket works? I have been following the coinmarketcap for months and one thing I observe is when one coin move up almost all coins moves up. Is that a normal thing in crypto? Are coins are dependent to all coins unlike in stock market where one stock is totally independent to others.
No one knows. But based on what I observed in the market, Bitcoin is the main based mostly of the alts. If they sell their alts, that can make the coin decreases the number of demand on that coin that can put to bitcoin that can make bitcoin demands increases. As you see, many of alts based is the bitcoin that can prove that if the one coin dump doesn't mean that many of coin or alts may also goes down. As I've said, It depends maybe on the demand and supply of it.