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?
Most coin are built on the leading smart chain network and core and this also affect the price. If the leading coin fluctuates it affects every other coin built on the same network. But what actually affect the price of the leading coin is the demand and supply curve margin. if the demand is high price rise if the supply in turn rises the price falls the law of economics