I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?
With cash flow focused on each of the top altcoins, the whole market will certainly be affected, not just Bitcoin. This is just a correction of Bitcoin Dominance, when it is too strong it also needs to be adjusted for things to balance again.
This cycle is always happening in the Crypto market every time the bullish trend comes, if we understand this rule and choose a good time to buy altcoins top, we will soon become rich. This law is also quite similar to the Dow theory.
