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 ?
I didn't see significant correlation between bitcoin and other alts especially XRP in events of recent price increased.
There is still little correlation between the altcoins going up and the price of bitcoin but that's not much.
It is clear that if investors perceive that altcoins will do well, they will reduce investments from bitcoin and increase investment in other altcoins.