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!
That makes sense. When the stock market down, it means investors is losing their interest in stocks and possibly they will go the crypto market to take another investment opportunity.
Why BTC? cause probably it is the only proper crypto currency to invest in. Look, how important BTC to altcoin, obviously only Bitcoin has independent price among other crypto currencies.