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!
In a saturated market, investors prefer to secure their assets on the strongest coins, this is to minimize price movements that are too extreme. So, most prefer to hold BTC or just monitor price movements, there are also a few who choose stable coins.
In addition, many factors influence price movements, so fundamental and technical analysis must be balanced. Price trends that tend to rise after the halving moment provide a little encouragement for investors to choose bitcoin, try my luck I guess. Because this is very dynamic, difficult to predict.