BitCoin and altcoin markets are highly interdependent. The BitCoin-altcoin price relationship is stronger in the short-run than in the long-run . Macro-financial developments determine virtual currency prices stronger in the short- than the long-run.
Read moreWhy do altcoins go down when Bitcoin goes up?
When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it’s likely that other players in the space will drop at the same time .
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