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?
Bitcoin is the flagship asset, so of course the market will follow its path. Ethereum will probably achieve 'complete' separation in a few years, same with other assets like Cardano etc, once their mcap and # users reach much higher levels. Mass adoption will lead to separation.