Re: Why did so many cryptocurrencies crash the last week?
Did you think Cryptocurrencies are going through a healthy market correction after a historic bull trend or
Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 4060% usually). So when Bitcoin goes down, most coins go down with it???
right. But this is really a difficult problem. Because Bitcoin really does not relate to thousands of other altcoins on the market, they all fall by bitcoin. It seems like this is a characteristic of the Crypto market and we can not change it. We can only use it to make a profit in buying low and selling high.Bitcoin is the market leader, it holds the majority of the entire crypto markets capital, (fluctuating between 4060% usually). So when Bitcoin goes down, most coins go down with it???