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!
I do think most times when an altcoin newly gets into the market, they do tend to still have their independent price fluctuations. But after a while they do get synchronized with the general price movements. Also, there can be pumps made intermittently for the altcoin irrespective of the bitcoin dip.
What i observed many times in cryptocurrency market is, mostly the movement of the coins is dependent on the bitcoin price because when the market price of bitcoin increases the more altcoins are also increasing and when the market price is decreasing more altcoins are also decreasing.