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!
Really? Did you notice any such relation? I have been trading in both the markets in India and I have never experienced any direct relationship between both of them. It's always unpredictable. I have just seen it once that was in the month of october when the crypto market pumped around by 20% while after a week or so the share market contracted around 2-3% but I feel there is not any direction so far as people involved in trading cryptos don't really go in traditional markets and more importantly people involved in share markets especially the institutional investors who drive most of the price are not at all involved in crypto trading due to stringent regulations.