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?
This will continue to happen because Bitcoin is the life line of other Altcoins and that was why any movement on the part of Bitcoin either downward or upward will definitely affect all other Altcoins. And at the same time most of the Bitcoin holders and traders equally hold and trade Altcoins too. Price do fall when there are massive panic sell and prices do move upward when there are more buyers than the sellers.