We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?
Today's cryptocurrency market has completely changed and is not like 2017. Institutional investors, who are mostly interested only in bitcoin, have entered the cryptocurrency market. It is BTC that enjoys the maximum confidence among investors and this distracts from investing in altcoins.