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?
I think when investors are optimistic about the cryptocurrency market as a whole, they may be more likely to invest in Bitcoin and altcoins, leading to an increase in the price of altcoins relative to Bitcoin. Conversely, when investors are more cautious, they may be more likely to stick with Bitcoin, leading to smaller increases in the altcoin's price relative to Bitcoin.