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!
When there is a bull run happening with bitcoin the alts drop. People move out of alts and into bitcoin for the ride. Then, the profit takers jump in and convert some amount of bitcoin into fiat, then bitcoin drops. Eventually bitcoin levels out for awhile and then people again back into alts.This is a continuous process. According to this, sometimes price level of altcoin will be greater, while bitcoin falls.