I do not understand what happened to some altcoins, I know that when correction, red altcoin dominates the crypto market.
but when the bitcoin correction, there is still altcoin that has increased and rises significantly.
what factors make altcoin rise when bitcoin falls?
share your knowledge with me!
In my understanding, it is like a form of market regulation. When bitcoin goes down, the altcoins will go up to balance its inherent value (value in USD).
I don't think it really works like that in reality. The total market cap of all crypto, Bitcoin included definitely can go down and be drawn down by both alts and BTC if we're talking about total USD market cap.