From yesterday the price of bitcoin got increased upto $400 due to the speculation of ETF approval by SEC which made all the other crypto currencies to bump with the same level of bitcoin so which shows that if bitcoin prices recover all the crypto currencies will be able to recover.
Do you agree that?
that is good news because indeed the price of bitcoin is increasing. Bitcoin is the main digital currency and has a big role to play in changing the prices of other altcoins. when looking at a graphic that often happens when the price of bitcoin increases, the price of other coins will also increase. it is a level of public trust and therefore the price level is always influenced by the price of bitcoin.
There is not much price bumped after that small quick bump until now but it is good that the price of cryptos were raised atleast 5% on most of the cases.Looking forward for the good market by this month.