Quote from: horrifiedx1 on Today at 01:58:48 PM

Quote from: semobo on Today at 11:19:49 AM

Quote from: jinneas on July 22, 2021, 01:30:54 AM

Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa.
Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?

Its simply due to the people emotions are driven by the bitcoin price movements, we all knows that bitcoin is the first and best cryptocurrency ever made so crypto community has high hope on it so all their decisions based on its movements which is why the price movements of other cryptos are proportional to the bitcoin.

with the largest capitalization in bitcoin, it is not surprising that the movement of bitcoin is used as a parameter for the movement of other coins, considering that when bitcoin is green, many other coins will follow it and vice versa.

And also bitcoin is used to trade other altcoins thats why when we see bitcoin dump the other follows to thatsnwhy its not surprising to see the downfall of the market and we can make bitcoin as indicator to buy some cheap altcoins available in the market.

Quote from: petyang12 on Today at 09:34:06 PM

Other cryptocurrency are made because of bitcoin so it is also the reason why most crypto also rise and fall together.

Other big company create the idea to tokenize their projects thats why we see so many of them popping up out of no where. But actually there are few coins or tokens are totally independent since we can see that some of them pump up even if the market is going down.