Quote from: Mahanton on Today at 07:59:19 PM

Quote from: Hsibalimrn on January 05, 2022, 05:24:41 PM

I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?

Price could neither have some correlation or not but we know that Bitcoin is the trend setter and this had been a main indication on where the market could possibly go.It might not be all the times but this is where altcoins do really depend on and the market could really move on basing on what Bitcoin is been doing and we know that the community is the ones who do make out such decision whenever they do see
decline then they do tend to switch to bitcoin due to buying opportunity and some do switch to usdt or stable coin to protect their asset.

Indeed, the fact that Bitcoin price movements affect the prices of most altcoins, so Bitcoin price movements are an indication of when there is
a bull market and a bear market. That's why so many people who invest in crypto expect the price of Bitcoin to recover, because if the price of
Bitcoin goes up, it will make the price of altcoins also go up. And vice versa if the price of Bitcoin drops, it makes the price of altcoins go down too.
Now that we can see the price of Bitcoin surprisingly rising to the price of $40k, this has finally made the price of altcoins go up as well. Hopefully
the price of Bitcoin can still go higher, because to make sure it has now entered the bull market, Bitcoin price should at least rise above $45k price,
if that happens it will attract the attention of many investors to enter the market and push the price of Bitcoin to go higher.