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 is in the news these days and that means more hype towards it which directly causes more demand for it and thus increases the price.
Altcoins are not increasing in price because the bitcoin dominance is increasing towards altcoins.
When money stops flowing into bitcoin, the dominance will slowly start increasing towards the altcoins side and then the alts will pump.