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?
Basically they're falling dependent on exchange activities that caters every trading pair of a certain coins you're going to trade. What's fun things about it is the reality of market value which eventually fall during red signals tend to attract every bids.
Investors and traders also look forward on that certain movement, so the trend basically influence every person who's expecting the drops every minute.
Though other coins doesn't have very active trades, but it's common with btc and eth joining in behavior together to rise and fall.