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?
It is hardly possible to apply any formulas and ratios between the rise in the price of bitcoin and altcoins. There is no absolutely identical situation in the cryptocurrency market in order to work out the exact dynamics of their growth. Usually, if bitcoin starts to show a good price increase, altcoins are a bit late at first and only then start to follow bitcoin. But even this is not a pattern. This process is largely influenced by positive or negative news on the cryptocurrency market, and all this is intertwined each time into a special, individual situation, which has a decisive impact on prices.