Sometimes you see Bitcoin drop when the altcoins rise. This is caused by investors pulling their money out of Bitcoin and rushing into rising altcoins . This wave can go back and forth over a short period of time.
Read moreWill altcoins follow 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 moreHow do you read Bitcoin dominance?
Bitcoin dominance is the ratio between the market capitalization of Bitcoin to the total market cap of the entire cryptocurrency market . When we compare this ratio to the trend of Bitcoin itself, we can learn more about what opportunities the current market environment offers.
Read moreWhat is Bitcoin dominance cycle?
The model states that money flows from fiat into Bitcoin, and then down from large caps, through mid-caps to small-cap altcoins before redirecting back to BTC and, ultimately, back to fiat .29 May 2021
Read moreWhat does BTC dominance tell us?
The Bitcoin dominance ratio is a tool that traders have recently incorporated to help them spot differences in general market conditions between Bitcoin and all of the other coins. When utilized correctly, Bitcoin (or BTC) dominance can help you determine if trading altcoins is a stronger trend than trading Bitcoin .27 Kas 2021
Read moreWill altcoins rise with Bitcoin?
Short answer. Not often . Bitcoin rarely gets boosted by altcoins.
Read moreHow does Bitcoin dominance work?
Bitcoin dominance is the ratio between the market capitalization of Bitcoin to the total market cap of the entire cryptocurrency market . When we compare this ratio to the trend of Bitcoin itself, we can learn more about what opportunities the current market environment offers.27 Kas 2021
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