Almost every altcoin has BTC pair on the exchange – it’s a silent standard for now.
Read moreWhich cryptocurrency follows Bitcoin?
Because Bitcoin remains the principal cryptocurrency, other major altcoins such as Litecoin do tend to follow its price trends. Litecoin’s creator, as well as other adherents, have referred to Litecoin as the silver to Bitcoin’s gold.
Read moreAre altcoins tied to Bitcoin?
Altcoins are cryptocurrencies other than Bitcoin (BTCUSD). They share characteristics with Bitcoin but are also different in other ways. For example, some altcoins use a different consensus mechanism to produce blocks or validate transactions.
Read moreWhy do all coins go down when Bitcoin goes down?
The only way for Bitcoin and altcoins to go down in price at the same time is for there to be a net outflow of money from the entire cryptocurrency “ecosystem.” Otherwise, you will tend to see the price of Bitcoin and altcoins move in opposite directions when the price of Bitcoin changes.
Read moreDo altcoins go up when Bitcoin goes up?
If you have been following the cryptocurrency market, you might have noticed by now that every time Bitcoin’s price goes down, alternative cryptocurrency prices (commonly called altcoins) follow. The opposite is equally true – when the price of bitcoin rallies, we expect altcoins to go up in price shortly after .
Read moreHow does Bitcoin affect altcoins?
We provide evidence on the asymmetric impact of Bitcoin on altcoins both in the short-run and in the long-run. In the short-run, a decrease in Bitcoin price has greater effect than an increase on the prices of altcoins . This asymmetry is more frequent after the 2017 cryptocurrency price crash.
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