This week we see a drop in the rates of all coins. Once again, the market reacts to the fall in the price of bitcoin.
But as I heard when the Bitcoin going down, then altcoins are going up really fast. What is your predictions and explanations for the current situation then?
Its actually just the opposite.. when BTC is going down everything goes down and when BTC is rising everything is also rising..
One of the reasons for that is because for every coin their price is calculated depending on bitcoin price.. That is why you should always watch the change in prices compared to BTC not USD or EUR.
However usually when BTC drops altcoins prices also drop compared to BTC, just not that much but mostly it really depends