Quote from: Z_MBFM on November 04, 2024, 05:39:56 PM

Quote from: RaraAvis on November 02, 2024, 10:10:25 AM

Please can one tell me what is going on with Altcoins?
Bitcoin pumps like mad - doing really well (latest pump) while Altcoins not only NOT pumping harder, but on contrary their price goes down…? I mean - WHY??
Example: TAO, Jupiter, NEAR…

Bitcoin price is moving abnormally because of tomorrow's US election. When the probability of Donald Trump winning is increasing, the price of Bitcoin suddenly increases and when the probability of winning Kamala Harris increases, the price of Bitcoin suddenly starts to decrease a lot. and because of such movement in Bitcoin, Altcoins are only going down. so I refrained from investing in such a volatile market, only holding some TON now and converting the rest to stable coins.The crypto market is now behaving completely like gambling

I would say it's like that due to the biggest interest in BTC for now - the polls are almost closed, and everybody is waiting to see what to do next..
Either way, the rally for BTC will continue, and the elections may be a lever to spike it up.