I have watched the market and the price of bitcoin is going up, and I think and also usually if bitcoin goes up then the altcoins usually go up in price, for example if btc goes up 3% then altcoins always go up in the range of 7%. but what I see this time is not like that, for example if btc goes up 7% then the altcoin goes up only 3%.
and I want to ask you all what caused the market situation to be like that? and have people started distrusting altcoins or what?
All altcoins follow the bitcoin trend. The percentage increase is sometimes associated with the hype around that particular coin. The likes of Solana and ETH moves in almost same percentage as bitcoin while there meme coins move much higher. But in all they all follow bitcoin trend just that the percentage increase or decrease aren’t predictable