I have been in the cryptocurrency market for almost two months, I observed that when the market fell, the percentage of BTC always increased. The current percentage of BTC has accounted for more than half of the market. What does this mean? Can anyone give me an explanation, and why is BTC? not another Coin? Because in my opinion, BTC is affected by market volatility more than the Altcoin!
Bitcoin can be said as the major of altcoin where when there is a movement of bitcoin up or down it will also have an impact on altcoin. Why is that? Because bitcoin is one of the pioneers of cryptocurrency and has a high level of market volume.