Post
Topic
Board Altcoin Discussion
Re: Remember when ETH was $1400 a few years ago then crashed to $70 as BTC crashed?
by
sangjoewara
on 26/02/2021, 10:10:56 UTC
In my opinion its because all of the crypto is paired with BTC, like in the Forex most of the fiat paired with USD.
So when BTC drop all crypto follows, like how USD impact most of the fiat in the world.
True, it is very logical, but in crypto not all tokens have a partner with BTC, some of them only have a pair with USDT and ETH, which can also affect the token because USDT and ETH have a partner with BTC, so the effect can be chain-linking.