I Confused with the Etherium price When BTC down ETH down and now the price of Bitcoin is up but the price of ETH still down.
is there a reason for it? and give advice to me about Etherium.
Thanks before
the price of ethereum is influenced by the btc price, but for ethereum coins it does not have to worry because now the price of ethereum can be fairly stable and may be used as a good alternative coin for investments other than bitcoin.
Yes, eth price is influenced by the bitcoin but I don't also think even if bitcoin price went up eth will observe bitcoin if its still going to go up again, and as of now, bitcoin is dropping again even more. Maybe that is why eth is not rising up again even a little because bitcoin is not rising up with even 15% of its price.
We all know this fact that bitcoin is the top rated and most influential coin in the entire crypto market and that it has a very strong hold in the market. The market value of almost all other crypto coins is greatly affected by the market value of the bitcoin but still there is not 100% involvement of the bitcoin in deciding the market value of nay of the crypto coin. There are lot of other factors as well which result in increase or decrease in the market value of any of the coin.