since the beginning of this year. bitcoin dominance has tremendously affected the altcoin markets. when bitcoins raises, altcoin move very slowly but when it goes down. altcoins are heavily affected. Are we going to see any major bull market for altcoin again. we are already in the third quarter of the year. i am concerned because i strongly believed in altcoins more than bitcoin.
Actually, if the price of Bitcoin has increased, the altcoin price has also increased. But not with Altcoin USD, but Altcoin to Bitcoin, then Bitcoin to USD. Suppose the price of 1 XRP = 0.00003116 BTC, Price of Bitcoin = $ 10,592.40. If the Bitcoin Price increases by 5%, the XRP price remains. So if XRP is exchanged with BTC, then XRP to USD also increases by 5%, same as BTC. Because the price of Bitcoin has increased by 5%. Sorry if my pricing method is wrong.