Post
Topic
Board Speculation (Altcoins)
Re: Bitcoin price and altcoin price
by
Abeleez
on 01/09/2018, 16:24:36 UTC
These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?
You are right in saying altcoins price depend a lot on bitcoin and the fact that the coin rose that period without a corresponding rise with many of the altcoins can be unsettling. You should understand that the rise was minimal and short-lived as market indicators remained weak, so the altcoins could not have been impacted that much. A real rise Will carry most altcoins along as it will be the issue of the whole market recovering.