Post
Topic
Board Speculation
Re: BTC & Crypto Market Update: BTC Clears $10k, Alts Gaining as bull run ensues
by
pooya87
on 10/02/2020, 03:50:57 UTC
Alts are making big gains as well despite rises in BTC which suggest the market as a whole is ready to make moves.

if you actually check the charts you can see that altcoins are actually getting dumped these days but when you look at their USD value it seems like they are rising.
what happens is that when bitcoin price rises, everyone pulls out of the altcoins so they get dumped against bitcoin but for example if bitcoin goes up 10% they get dumped 9% and that 1% difference looks like USD value rise and you think they are "gaining" whereas in reality they have been dumping.
of course there are some altcoins that got dumped more and went down against both bitcoin and USD.