For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?
This happens especially when the bitcoin increases in dominancy and it is not hard to understand, let me help you understand this, lets say the total market cap remains the same then due to some fundamental or technical events bitcoin increases in price and dominancy now the total marketcap remains the same so the money flow cap from the alts to btc resulting in reduction in their price.