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?
During the period when you saw Bitcoin pumping leading to altcoins pumps was because we were in a bull market so everything rises. In bull markets there's so much money moving into the market so every project benefits.
But now we're in a bear market so everybody is expecting a dump soon. It doesn't matter if the dumps has happened previously but there's always an expectation of the next one coming so everyone is careful.
Investors are only investing in strong project like Bitcoin at the moment, immediately when the bear markets ends you'll begin seeing altcoins pumping double of whatever percentage Bitcoin pumps.