In the last few days, the ethereum price keeps rising while the giant of crypto Bitcoin was relying on between $47k to $48k but in the last 24 hours, the entire market has changed Bitcoin is heading to 50k while ethereum is in a new all-time high of $3750 since April 2021.
Will this market signal a new season for all the other cryptocurrencies, as the entire market looks bullish at this point?
I think that the rise of mainstream currencies are always signals of positive movements of altcoins in the future .All altcoins follow Bitcoins global trends. It happens because if people see that BTC is falling and a bear market is soon, they sell off altcoins first, as they are more risky. So we often observe that when there is a severe crash of BTC, all other coins also fall.