Bitcoin Forum

Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa.
Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?

I think there are a few things at play here:
1. Investors in bitcoin that are likely to panic sell/sell at a certain point are also likely to hold other coins they'll sell.
2. Most exchanges have a pair type for coin/usd and coin/most likely conversion (at least). Any spreads (gaps in the order book) are likely to not stay empty for long - but some do. Also some exchanges might be set up to arbitrage each other (especially if this can be done manually by someone managing some of the exchange's funds).

It may be affected by market panic, and investors' blind pursuit of the rise and fall will cause most of the altcoins that continue to appear to rise and fall along with the volatility of Bitcoin.
In most cases, there is a correlation between the price of altcoins and the price of Bitcoin, and will change with the price of Bitcoin. But not all altcoins follow the same rules, and the cryptocurrency market does not necessarily go up and down at the same time.

Because btc in the cryptocurrency represents the king of encryption, if the price of Bitcoin falls, it will cause a certain amount of market panic to flee, and the funds of many institutions will sell their tokens at this time. You can understand Bitcoin as a vane , When Bitcoin falls, the market will panic, when Bitcoin rises, the market will have a lot of capital inflow!

It could be, especially if the big investor is the owner of the exchange but unfortunately it is difficult to detect, or other possibilities people who own cryptos other than BTC realize if BTC goes down how can cryptos that have no use value can survive in the downward trend, so panic sell begin and all cryptos suffered down.

The fundamental reason for the rise and fall is buying and selling

It is difficult for most altcoins to move independently.Especially for those altcoins that are already listed on the exchange.
It is more convenient to buy and sell on a centralized exchange.When Bitcoin price fluctuates greatly，Their prices will fluctuate.

It can be speculated that the price movements of some tokens that are not listed on the exchange have nothing to do with Bitcoin.Their market sentiment is basically not disturbed by Bitcoin, and they only buy and sell in a small circle.

The market is likely to panic. Some unknown altcoin dealers will take advantage of the Bitcoin crash to take advantage of the opportunity to ship, sell high and buy low.

Also there are even many altcoins that will set up a series of automatic trading robots, which will automatically buy and sell according to the trend of Bitcoin. Cause their prices to sync with Bitcoin.

This is just a theory but I think that it's because some of them are tied together so for example one of them were to ever go down which causes some of the investors of another coin that's connected to the coin that's going down to think that the prices for the other are also going down.

Specifically, there are several reasons:

1. Bitcoin is the confidence of the market.

It has been ten years since Bitcoin was founded. After Bitcoin was invented, blockchain applications, ETH, LTC and other digital currencies have been derived. At present, Bitcoin is the only digital currency that has withstood large-scale social experiments, and its success has given people confidence.


2. Anchoring effect.

Whether it is an individual investor or an institutional team, no matter what currency they hold, they refer to the price of bitcoin when trading, and make their own strategies based on the rise and fall of bitcoin.

Bitcoin's rise indicates that the digital currency market is good, on the contrary, when it falls, it indicates that the market is bad. If the market is good, the funds will choose the opportunity to buy and pull the market. If the market is not good, the funds will be sold to hedge and hit the market. When the main force is trading, it depends on the trend of the market. Bitcoin is the market.

3. The BTC trading pair affected the entire market.

The transactions at the beginning were centered on BTC, and USDT only appeared later. All exchanges have BTC trading pairs. The influence of BTC on other currency trading pairs is far greater than that of USDT trading pairs that appeared later. When the price of Bitcoin against fiat currency falls, its impact will naturally be transmitted to the trading pairs of BTC against other digital currencies.

Bitcoin has developed for a long time. As the mainstream currency in cryptocurrency, it will have a certain impact on other altcoins. Other currencies will also change when the price of Bitcoin fluctuates.
When the price of Bitcoin falls, many investors will feel fear, and at the same time they will have the same psychology towards other cryptocurrencies, they will panic in the crypto market and blindly sell it.

Maybe because investors who have something on one coin are also invested on another. And once either of the coins they hold moved towards an undesirable position, they just sell and cut losses before everyone else can, resulting to a chain reaction.

You can also say that since bitcoin can essentially be traded with other coins, the movement of bitcoin alone pulls other paired coins together whichever direction bitcoin moves. In that way we can see several coins being affected by the rise or fall of bitcoin's price.

There's really a lot of reasons as to why, and no single reason can be attributed to these simultaneous movement of different coins across the board.

Due to the high trading volumes of Bitcoin, which makes the whole market affected by this change.
Do not forget that most altcoins are backed by bitcoin or digital dollars, and assuming that the dollar is stable, we get a change in the price of all altcoins.
If the price of Bitcoin changes, then all of the alt-currency rates will change. The difference in the rate and extent of this change.

As for the percentage difference, it may be extreme for many currencies due to the small capacity of the market, which may make a million dollars jump in the price of a currency 300%,

I guess it's due to the interconnectedness of this space (assuming it's not intentional).
I think you can prevent your project from being affected if you could become completely independent and self-sustaining. And you'd probably need to regulate the price in a way that keeps volatility moderate and sustainable.

you should know that the market benchmark is Bitcoin which makes the price of all cryptocurrencies dependent on BTC...

since I was in crypto I saw that the majority of Altcoins prices will follow Bitcoin prices, their prices all depend on BTC. investors have a habit before selling or buying by paying attention to the price of Bitcoin first.

When fresh money enters the crypto market,many sellers are selling their BTC and buying altcoins,because they think that they will make bigger profits from the higher profit margins that some altcoins have.
When panic selling occurs on the market,all the altcoin traders start selling their altcoins for BTC and all the Bitcoin traders sell their BTC for fiat money or stablecoins.
In a bull market the money stream goes like this fiat>Bitcoin>Altcoins.
In a bear market/panic selling,the money stream goes like this Altcoins>Bitcoin>fiat/stablecoins.
This might look oversimplified,but that's just the way I see the crypto market.

Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa.
Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?

Before there were stable coins, all altcoins were paired with bitcoin. so if the price of bitcoin goes down, of course all the altcoins that are paired with BTC also go down. although now there is a stable coin I think this has become a derivative from the past. bitcoin as a pioneer and reference for all other altcoins.

First of all most coins are tied to bitcoin in the exchange world and that is the greatest reason why they go up and down together, when you check pairs like let's say ABC is a coin name we made up, it is usually BTC-ABC pair that you trade, that means you buy bitcoin with fiat but then you buy/sell ABC with bitcoin, which means if bitcoin drops then the price of ABC drops automatically. That is the biggest reason, but not the only one, for example there are people who get into crypto when it is hype time and get out of crypto when it is bear time, which means whatever those type of people buy they make it higher together and lower together as well

 There are also auto trades, like trading bots and leverages and stop loss and liquidation and many things like that which all happens at the same time together as well so that makes it move up and down together.

The prices to go up is caused by the demand and the pairing that they got in several exchanges. That is why it is being brought up by bitcoin whenever the market goes on high and the altcoins are fluctuating positively too when the price is up.

And when there's a selling pressure then usually the prices will go down and that makes everyone to panic because they're looking to the price as it's something that they don't want. So the effect goes on and that's why we see prices going down.

Because the crypto market is primarily bitcoin, it dominates.
Therefore, the global trend of growth or decline has always depended and will depend on the price of bitcoin, because it contains the main finances.
Thus, we always see the dependence of other currencies on the bitcoin price.

The price of Bitcoin can be attributed to so many thories of determining what is responsible for the movement of Bitcoin influencing altcoins to move in the same or similar patterns. The fluctuation in the price of Bitcoin can be base on the Buyers and sellers theory which constitutes the inbalance forces that move the market into opposite directions.

The strongest force between the both will push the market to it part as long as the force keep on dominating making it hard to analyze the market if the trader is not equipped with necessary information that could show or guess the direction of the market.

Bitcoin being the father of all cryptocurrency following the patterns and Blockchain interface make it easy for other coins to exhibit the same features that Bitcoin undergoes.

There are several factors but the most obvious is that those that are invested in bitcoin are also holding altcoins and when the price of bitcoin goes down they sell their altcoins to cover some of their losses which in return makes those altcoins to go down, the opposite is not always true however, and the reason for that is that the market of bitcoin is many times bigger than the market of altcoins, and if to all of this we add that the volume on many altcoins is very thin and in many cases it is falsified by the exchanges then any drop on the demand it is more than enough to make altcoins to go down in price as soon as those interested in that market stop investing in them.

It is mainly due to pairing type of assets. The lower the price of Bitcoin, you can see most of altcoins are also in a red positions. Maybe some are immune to this but most of them aren't. But surely some strong alts are somehow could fight this trend like ETH (mid may) where it outrun BTC in terms of chart. However, it wasn't that long. Eth followed what BTC has gone through and it didn't sustain what it had.

Each and every cryptocurrency that has existed in the market has dependence on bitcoin. Even some cryptocurrency doesn't pair with bitcoin, but it'll fall when the bitcoin is bearish. This is common, and very few cryptocurrencies stand high or grow independent unlike the market of bitcoin. Those are manipulated or centralized assets. Most of the time those coins were also manipulated according to the market of bitcoin. This too is a way to make the asset have good number of investments.

I have a simple explanation for this. Bitcoin has the dominance in the market. It's around 46% now. So this means that its price movements will affect the others' also. Whenever it falls, the market will fall also. Whenever it rises, it will be the same for the market too.

Most alts are indeed dependent on btc market. However, there are few alts that can have their own price movement, that is, if the team is strong enough to contradict what is happening in the current market. Just be careful with pump and dump coins, because usually they don't follow the btc market but it is up to the team who will do such pump and dump strategy. But all the others, they just follow the market trend of btc.

Right that's why we see almost whole in the market crash once  BTC price collapsed to and it will happen  the same when it goes up. I don't follow to much alts right now since I've been away trading in the market for long months but I notice Smooth Love Potion(SLP) from axie infinity still  doing great even if the market is really in bad shape.

Bitcoin is the father of all cryptocurrencies and to be honest, most altcoin holders also hold Bitcoin. Every time the price of Bitcoin pumps and dumps, altcoins follow its trend and as a top coin, it always dominates the market. Most altcoins depend on Bitcoin so most investors are always seeing it as a generic pattern.

You may also want to take note that there are a lot of times when the rise and fall of cryptocurrency prices greatly vary depending on whether you are looking at them in their USD value or BTC value. It is possible, for example, that when you look at their prices in terms of USD all of them register a considerable growth. But that might have been solely due to the price growth of BTC. If you look at their prices in terms of BTC at that exact moment, the picture may be completely different. They may actually be all in red. They could all be falling in terms of BTC while rising in terms of USD.

If Bitcoin falls, someone in the market will panic and sell their coins. When Bitcoin rises, everyone thinks that they are getting better again, and they will buy their favorite coins, causing the coins to rise.

That is because bitcoin is the leader in the crypto market so when bitcoin moves to go up, most coins will follow behind bitcoin and vice versa. The market will panic if bitcoin drops to the lower price as what we saw before, which bitcoin drops to $29k but suddenly, in the next few hours, bitcoin price can increase to $30k and finally, bitcoin can break $32k. It will be like that and as long as bitcoin is still a crypto market leader, the other coins will follow bitcoin.

Bitcoin is the virtual currency with the highest market value in the market. Every time there is a big fluctuation or news that affects the market, it will affect other currencies. Because there is a correlation between altcoins and Bitcoin, once there is a panic in the market Emotions, no matter what the factor is, mainstream currencies or other currencies with a large ratio will rise or fall together.

I think Bitcoin can be understood as a confidence index for virtual currencies. Just like now, as soon as negative news comes out, it is easy to collectively decline, which is almost synchronous, but there are individual declines that are different.

Because the rise of many altcoins depends on Bitcoin. If Bitcoin falls, some novices will panic and sell their tokens, causing the price of tokens to fall. When Bitcoin rises, everyone believes that Bitcoin will start again. If you buy, other tokens will also be purchased by others, and the price will rise, but the price of cryptocurrency will not always rise with the price of Bitcoin. It depends on whether everyone believes in the tokens they buy.

Well, that's what happens when people creates an imaginary umbrella that doesn't have anything to do but make a chain reaction, I mean these crypto are different but the problem is people always make it look like they follow bitcoin so the lie becomes the truth which shouldn't have happened.

The success of Bitcoin has led to the development of many other cryptocurrencies.  these altcoins are all self-sufficient based on the Bitcoin protocol.  Most of these coins are still cheap and easier to buy or mine.  so all cryptocurrencies are affected by bitcoin, bitcoin goes up, all altcoins go up and vice versa, bitcoin market fluctuates with an unstable downward trend then cryptocurrencies will  There is a phenomenon of selling out because of fear and panic

bitcoin holds the majority capitalization, than any other coin. maybe this is what it says that bitcoin is the mother of other coins. so that whatever happens to the movement of bitcoin will be followed by most other coins. this is very visible when bitcoin is red, then other coins also experience a decline

FOMO. Fear of missing out or loosing is the reason why most cryptocurrencies rise and fall together. When people watch the market news and there's a negative news that they know will affect cryptocurrency market, they either pump and dump their current crypto holding depending on the kind of effect the news is predicted to cause. Nobody wants to lose so they do what they have to do. And as we already know, most of these coins are  tied to BTC.

- Capitalization is still not an exhaustive reason, here we should further analyze the currency pairs listed on each exchange, each of which will have a conversion between it and bitcoin, this means that when bitcoins are down, the relevance of these tokens also affects investor funds, to keep capital stable would require a currency pair like USDT and of course, with such a common goal to grab a good sell position, the value also suffers and declines

I think the reason is that the rest of the coins in the market are depending on Bitcoin highly. And I don't think that it will change unless a different coin takes the place of Bitcoin in terms of dominance. For now, Ethereum seems to be the nearest to do that.

Never trade with Cryptocurrencies, I would be learning to trade Forex and I am still on the verge of leaning the Forex.

Because until now Bitcoin has always dominated the market, so almost all coins move to follow the Bitcoin price. So the movement of Bitcoin becomes
a trendsetter in the crypto market, if the price of Bitcoin pumps, it is likely that the crypto market will have a bullish trend. Vice versa, if the price of
Bitcoin dumps usually the crypto market will be in a bearish trend. In conclusion, the price of altcoins is very much affected by the price of Bitcoin.

I don't really know but I think the number of buying and selling can determine if it will shake the movement of Bitcoin. If the sellers are more than the buyers, the market is going to sell because there is much sellers in the market. If the buyers are more than the sellers in the market, the market is going to buy more. More numbers of either buyers or sellers will keep on increasing or pushing the price.

It's related to Bitcoin's movements actually. Because it's the most dominant cryptocurrency in the market now. So, it literally controls the other coins too. Whenever Bitcoin is having a bad period, we see its reflection on the market and vice versa. As long as Bitcoin is the number one cryptocurrency, I don't think this will change either.

My take on this is different from what the other users have posted. Most of the cryptos rise and fall together, because they have the same userbase. Those who are holding BTC will be having at least some amount of altcoins such as ETH and ADA in their wallets. So in case a large number of Bitcoin users are selling their coins, the impact will be reflected with the altcoins as well. In all probability, if someone is facing a financial crunch and selling his coins, then he will sell all his coins and not just BTC. And similarly, when these users accumulate BTC, it is very likely that they will purchase alts as well.

It's because of pair trading and the fact that most market caps of alts are calculated based on their specific conversion rate to bitcoin, therefore when the value of bitcoin rises, it drags up the market caps of coins whose trading volume is based on the conversion rate.  Same for when bitcoin goes down. 

Yes they fall and rise together or better to say they fall and rise with bitcoin and usually all the cryptocurrecies prices movement are depended to bitcoin price movement. There are many reason for it, usually whenever the bitcoin price fall sharply in a short period of the time, the investors and traders will panic and do panic selling with all the assets and cryptocurrencies. On the other hand, whenverever the price of bitcoin rise and stays stable for some a few days the price of other cryptocurrencies will rise too. The investors usually use the relation between these assets to get benefit, also, there are some indexes such as bitcoin dominance, total, total2 for it.

 Actually all altcoins follow Bitcoins global trends, although most of them are not Bitcoin forks like BCH, BSV. The reason is that if people see that Bitcoin is falling and a bear market is possible, they get rid of altcoins first, as they are more risky. So we often observe that when there is a severe crash of BTC, all other coins also crash. People are just scared and it is reasonable to sell different shitcoins when the bear market starts, but not fundamental ones.

Most altcoins don't really have any trading volume.

When BTC/USDt has a sharp move, shitcoinX/BTC, shitcoiny/BTC, shitcoin/USDt also move automatically towards the same direction. It looks like there is a correlation but in reality, there isn't any. It is just an illusion.

most of my opinion all coins depend on the increase and decrease of BTC, as long as BTC increases, almost all increases and vice versa BTC decreases, all decreases, have you noticed this?.

I've been in the market for a while and do you see what most coins depend on? . That is most coins will decrease in value if BTC falls. It seems that all virtual currencies were born with BTC as the place to turn their coins into value such as BTC, ETH, BNB ... based on the exchange of these coins, especially BTC price is always a factor decide everything.

This is only a partial explanation, that number is much higher than what it may seem at first sight, after all what is stopping a person to create a coin with a supply of 100 million coins, sell one coin for 1 dollar and suddenly that coin is believed to have a 100 million dollar cap? This show us how deceptive that metric really is, the real market dominance of bitcoin is closer to 90% which means that most altcoins have no other option but to move together with bitcoin, and that is if the coin is any good, because if it is not then it will not grow when bitcoin grows but it will go down when bitcoin goes down and eventually it will reach a value of zero.

Yes.

That's the usual thing that the market shows as you observe it. But it's not always like that most of the time, there will be those times that you see bitcoin rises up.

And then the opposite happens for most of the altcoins and that's why alts are more prone to volatility than bitcoin. But there are also times that you see the opposite and it's the altcoins that are increasing then bitcoin goes through a short correction.

It just means that the rest of the cryptocurrencies in the absolute majority do not have their own independent meaning and influence and exist only as an appendage or some analogue of bitcoin ;) There is nothing terrible or shameful in this, because many investors will not delve into the wilds of technical documentation and terminology and will buy an asset that everyone knows about and about which everyone knows the most. And this asset has been bitcoin for quite a long time almost from the very beginning of the cryptocurrency era, and it is possible without false modesty that bitcoin created this cryptocurrency era. Bitcoin represents cryptocurrencies for investors, and therefore the trading of other altcoins is carried out with an eye on bitcoin. And if you also remember that on many exchanges, cryptocurrencies are traded and denominated in bitcoins, then this puts the final touch to the picture.

But anyway.. does not mean that cryptocurrency is not worth entering, I think the level of risk is higher in forex. After you master forex, it would be nice if you could also try trading in crypto, more profit opportunities are widely opened for traders in the world today with the increasing popularity of cryptocurrencies.

this seems to follow the development of bitcoin. we know a lot of people who call bitcoin the mother of other coins, so whatever happens to bitcoin will certainly be followed by most other coins. therefore I think the safest coin to invest is bitcoin

The main reason why I think most coins fall at once is that bitcoin mostly controls the market whenever bitcoin dump other coins will definitely dump to because when bitcoin investors panic and sell there bitcoin they are definitely holding other altcoins so definitely they will also sell there other coins that's why whenever bitcoin fall's other coins fall too.

Since the beginning Bitcoin has always dominated the market, it is no wonder that altcoins will follow the movement of Bitcoin. In the crypto world
Bitcoin is in control, so what happens to Bitcoin must affect the market as a whole. If we find that there are altcoins that pump when the Bitcoin
price falls, it's possible that someone manipulated the coins. So be careful when the price of Bitcoin falls, preferably if we are still holding shitcoins,
I recommend selling it immediately. Before the shitcoins are getting lower in price and we will experience a bigger loss, because if the shitcoins
have fallen, it is more difficult to get up again.

In cryptocurrency world, most coins are correlated with one another. When a particular coin's value increases, the other coins increase as well. Like for example, bitcoin. Whenever there's a price movement on bitcoin, the altcoins will start to move too. I think the reason behind this is because the investors tend to look at a specific coin and make it their basis on whether they would sell or hodl.

For instance, when the value of bitcoin goes up, a lot of investors are celebrating. The flow in the market will be smooth. However, when the value of bitcoin goes down, the investors panic. They overthink that it will take a while for the prices to go up. Hence, they panic sell their assets which makes the prices fluctuate in the market. Series of up and down in price charts will be seen.

because Btc can be said to be the core of the coins that are currently circulating and there are so many pairs of this btc so that when btc experiences an automatic decline, other coins that become partners begin to be carried away from the decline of btc.
then what about coins that are not tied to btc why go down? this is due to btc being the benchmark, because if we follow the mindset of investors and coin holders, whatever the coin, no matter how many coins they hold, they will still refer to bitcoin as the main benchmark. then automatically when bitcoin goes up the crypto market will automatically be good but on the contrary if bitcoin goes down the crypto market will also experience the impact and that has been proven.

I absolutely agree with you, people are just relying on the trend, FUD, and anything that they see online.

When people sell, most of the people will also sell because they have trust issues and they are clearly not that knowledgeable of bitcoin when it comes to market movement.

Ignorant investors are only following those big companies or popular celebrities to decide their next move in the market.

Covering the ears is one thing that must be done. avoid news that is risky to trade. Hold on long and go to a desert island for a few years. come back with market conditions that have grown big. That's the analogy I'm trying to apply, but in a simple realm. Not too ambitious to listen to and receive dangerous news. Karen I realized, as a small trader it could be a big risk.

Op, you forgot Newton law of motion. Its applicable to anyone or situation which says "for every action there is equal and opposite reaction".
When everyone is buying, the price tends to go up but as soon as everyone start selling, it will surely fall back and if that is done aggressively with fear, it might even be worse than buying because the whole thing might take uturn as in this case of rugged pull of hack.



Why are you now in crypto, are you here for the knowledge or you have another agenda purposely for bitcoin?

Many peoples say that not more than 100 speculators control crypto prices, of course this is difficult to prove but when I see bitcoin owners with a large portion then I now believe. Cryptocurrencies rise and fall together of course because most of the top 10 cryptocurrencies holders buy or sell simultaneously.

almost everything is a fork of a fork of a fork of bitcoin. If it's not a fork like IOTA then it's still psychologically linked.

Bitcoin represents the first-ever cryptocurrency / rare digital asset.

If people lose confidence in bitcoin represented by price then everything else follows suit.

Its simply due to the people emotions are driven by the bitcoin price movements, we all knows that bitcoin is the first and best cryptocurrency ever made so crypto community has high hope on it so all their decisions based on its movements which is why the price movements of other cryptos are proportional to the bitcoin.

Simultaneously in terms of sales and purchases or what? maybe you can explain a little about the procedure that is said at the same time? I really want to know how it can be absolutely sure in a sentence Simultaneously, have they confirmed from one holder to another?
as a person who does not know much about this, it would be very useful if you gave me a little picture.

No this has nothing to do with a cartel or syndicate of people who are intentionally controlling the price such that all cryptocurrencies follow whatever Bitcoin does. Bitcoin is the entry and exit coin for almost any other cryptocurrencies. There is a trading pair for 99% of the coins listed in X/BTC. That's the first reason. The second reason is that Bitcoin is the de facto precursor for anything to come for the industry as a whole. If there are news that hit Bitcoin ugly in the face, it also hits all other cryptocurrencies in the face. When regulators pass a law that weakens Bitcoin, the same counts for all other coins.

Bitcoin as a term works like a placeholder for all other cryptocurrencies as well. I often talk about Bitcoin but mean the whole industry. It just is the easiest way to convey your thoughts to someone who might not be all too familiar with the scope of the whole industry/market to just use the word Bitcoin instead of mentioning specific coins one by one.

This is because the investors in other coin will also sell their coin when the price fall when the other investors also sell their coin. If they didn't sell their coin then they won't have the chance to sell their coin at the price before the fall. Who would've wanted to sell late than on time. Other cryptocurrency are made because of bitcoin so it is also the reason why most crypto also rise and fall together.

Almost every cryptocurrency available on the coinmarketcap is interlinked to the Bitcoin. This interlinked functioning makes the market of most cryptocurrencies rise as well as fall together depending on the market progress and fall of bitcoin. Cryptomarket has some cryptocurrencies that are almost same by development and has similar usecases. These cryptocurrencies too grow and fall together.

And also bitcoin is used to trade other altcoins thats why when we see bitcoin dump the other follows to thatsnwhy its not surprising to see the downfall of the market and we can make bitcoin as indicator to buy some cheap altcoins available in the market.


Other big company create the idea to tokenize their projects thats why we see so many of them popping up out of no where. But actually there are few coins or tokens are totally independent since we can see that some of them pump up even if the market is going down.

The main reason why all or almost all currencies rise and fall almost the same is because they depend on the movements of BTC, that is, the only currency that has a life of its own is BTC and without BTC there would be no alts, or tokens, because BTC is the one who gives life to all.

Those currencies that go up in price and down, even go up in price when BTC goes down is because they are dependent on the pump and dump, however there are many who claim that ETH will no longer have any type of correlation with BTC, which seems to me to be impossible There is no possible scenario where this can occur, however each person has their opinion. But since the market is, and since ETH is dependent on BTC, it is obvious that the correlation will remain the same no matter what.

It depends on a lot of factors like trends, news, sentiment, etc. And it's not entirely true, I know it's a reflection of what's going on, what people are going through focus in the market, and before each bull run we see the circulation of money into the market, and the inner circulation of the market.

This is something that will never change. Altcoins always take advantage of the Bitcoin bull runs. The recent spike was attributed to rumors linking Amazon with Bitcoin. Altcoins are nowhere in the picture, and yet they went up by 20% to 30%, depending on the coin. And this has been the case for sometime. Whenever Bitcoin moves up, it takes altcoins with it (partly because the alts are mostly traded against BTC). And when the Bitcoin prices crash, the alt prices also go down because of the same reason.

Not really sure how they rise and fall together, but i have a theory that when there are news about bitcoin that are going to drive the price up, you see a lot of people who are involved in crypto move their focus and resources on trading bitcoin in order to maximize their profit, so they stop trading the other currencies which creates this demand, that drives their prices a bit and higher price creates more demand, at least that is from my point of view

But the interesting thing is that Bitcoin doesn't give life to all other coins on a technical level. It is a lot about psychology as well. If Bitcoin is hurt people draw the conclusion that whatever hurts Bitcoin must also be hurting any other coin out there. There is some truth to that in certain aspects, for example a mining ban does not only affect Bitcoin because mining wouldn't be allowed for other coins as well. But when Bitcoin once dumped when the forking drama was going on, all other coins also dumped.

Why though? Have you ever considered why bitcoin price movements impact people's emotions so much? I mean I feel like we should not be really getting too much attention like this whenever price moves one way or another, it should be a little less impactful for us. I still have no clue why we are doing any of this, like let's say when the price went to 28k levels I was not worried, and when it reached 40k I was not happy, I was calm.

Like the zen master and the village people story, one day a boy gets a horse as a gift and village people says how wonderful, zen masters says we'll see, then boy falls from horse and breaks his leg, everyone says how awful, zen master says we'll see, then a war broke out and all the boys are sent to war but boy stays because his leg is broken, village people say how wonderful, you know what zen master says? We'll see. That is how we should act with prices of cryptocurrencies.

We know that bitcoin is always holding number one position and first coin in the crypto-currencies world. So, maximum coins depend on bitcoin. When bitcoin pumps, the crypto-currencies are pumps. When bitcoin decreases, the crypto-currencies are decreasing. But, only few coins are stable and few coins aren’t following bitcoin which is only 5%.

Most of the altcoins follow the price trend of Bitcoin, because Bitcoin, as the virtual currency with the highest listed value in the market, will affect other virtual currencies every time it fluctuates.
In terms of market factors, once policies or positive and negative news occur in the market, they will affect the prices of various currencies.

Bitcoin is just like a mother of all cryptocurrency whenever you see that bitcoin is going up all the other Altcoin will also go up because many people believe in bitcoin instead of Altcoin so whenever bitcoin price go up or down people also buy or sell their other cryptocurrency.

As the mainstream currency in the crypto market, Bitcoin is dominant. Most altcoins do rely on the btc market, and fluctuations in the price of Bitcoin will also have an impact on other cryptocurrencies.
Market panic will also have an impact on this. When the price of Bitcoin falls, people will feel fear, and at the same time they will sell other currencies to reduce losses.
Some altcoin exchanges will set up trading robots to manipulate the market and synchronize the price trend of altcoins with Bitcoin.

That's only natural because not every people can buy bitcoin so they try and move to altcoins as an alternative which in turn makes the prices of the said altcoins go up at the same time. And I think that most cryptocurrency are tied together because some of them follow the same network.

Most if not all cryptocurrencies rely so much on Bitcoin's rise that once it does, all other cryptos are also going up. Once it's also going down, everyone who holds altcoins wants to move to stablecoin making these altcoins prices very volatile close to zero. Once Bitcoin is going up again, these altcoins are not worth buying anymore unless there are reasons to.

Most investors wouldn't find any reason to buy back the altcoins when they already hold stablecoin, all that is necessary to do is buy BTC when all had bottomed.

This has always been in the relatively small history of cryptocurrency until now. However, this does not mean at all that it will be so in this market in the future. The general increase in cryptocurrency prices and their general drop now depends on the large capitalization and the level of price dominance of bitcoin. This situation may well change in the future. After all, this market is developing rapidly. If bitcoin loses its price dominance over time, then there will probably no longer be a similar coin with this level of dominance in the future. There will already be several dominant coins and their price movements may already differ, which will give other cryptocurrencies the opportunity to feel more free in terms of price.

Cryptocurrency is related to Bitcoin. Bitcoin has been invented for more than a decade. After Bitcoin was invented, many digital currencies that used blockchain technology were derived. Many people saw the benefits of Bitcoin and now they have developed many altcoins.
The influence of market sentiment. Many investors refer to Bitcoin price trends when trading. Many investors refer to Bitcoin price trends when trading. Prices usually fall, which makes everyone panic about the crypto market.

I doubt this dependency will change anytime soon. Bitcoin will keep its dominance for the most part. If crypto turns out to be a long-term viable investment alternative (to gold), Bitcoin will proportionally outgrow the rest of the market. It may drop a little in relative dominance, but it will cement its position at the very top of the market and therefore remain the pivotal point for all cryptocurrency evaluations.

Yes, it seems most of altcoins are dependent on the market value of bitcoin and ethereum and maybe that is no doubt since the power two coins are the pillars of crypto currency most specially to bitcoin. So far most of the traders will always end up to trade altcoins to btc or ethereum before it was converted to fiat currency.

Cryptocurrency is general name given to all cryptocurrencies and as they belong in different species and Chambers so shall their prices are different, the price of bitcoin is different from the of price Ethereum and other coins but the market price of bitcoin affects others why? Because the bitcoin is first among all others and immediately bitcoin is having problem for price it will reach others.

Thats called market. In crypto almost every currency depends on bitcoin price and movements

First i think every market has a trend up and trend down, Second i do think its all related to bitcoin price. You can see any media will talking about BTC and its effect to the market. Even alt season parameter is by looking at how BTC perform. Other factors that affecting the price is media and goverments acts towards cryptocurrency.

Everything is extremely simple - the market is evaluated in bitcoin, as the main currency of the market, and a drawdown or growth of the cue ball always leads to a fall or rise in the price of 99% of other cryptocurrencies. In fact, the price of almost all altos is set in satoshi, which means that a change in the price of satoshi to fiat gives rise to corresponding changes in the price of altos.

it will look bad if btc falls and altcoins are rising but i think its not that bad if btc rises and altcoins are falling because btc was the main coin anyway but they dont make this happen either instead they make the competition more fairer . what  they did is they tied the altcoin in btc and now whatever btc is doing altcoins are also following .

This is because still most cryptocurrency are dependent on the price trend of Bitcoin. You can say, similar to the US dollar, bitcoin is also a leading currency in its environment. If bitcoin falls, altcoins fall as well. If bitcoin rises, altcoins also rise. Usually there is always a small delay, but so far this rule has always applied. Maybe some altcoins can decouple from Bitcoin at some point and start an independent price development. This would be desirable for the entire crypto market.

What's the explanation about it though? Why call it a market? Also, not all cryptocurrency depends on bitcoin prices because some have changed their dependency. The reason I think why these kind of thing happens in the market is because of the constant increase in flow of the market.

Crypto trends continue to change, currently crypto does not depend on bitcoin because of the presence of stable coins such as USDC, USDT and so on, even bitcoin transaction volume is only 50% compared to USDT.

Even so, why does it still seems though that most cryptocurrencies depend on Bitcoin? Why do all of them follow the market pattern of bitcoin price action? aside from the stablecoins, most of the cryptocurrencies fall in price immediately bitcoin fall in price, and when you look at the price chart on the market charts portfolios like CMC and CoinGecko. you would notice a very similar pattern of most major Alts alining with Bitcoin price chart.

Because cryptocurrencies rise and fall with the rise of Bitcoin. When Bitcoin rises, everyone will buy it. When Bitcoin fell, everyone would sell their coins due to market panic. In some cases, Bitcoin will rise, but other cryptocurrencies will not rise.
And sometimes Bitcoin will rise, other currencies may not necessarily rise.

1.Bitcoin as the king of cryptocurrencies, has a certain relevance to other cryptocurrencies. When the price of Bitcoin fluctuates, it will also have an impact on other currencies.
2.Cryptocurrency price fluctuations will also be affected by market sentiment. When the price changes, it is easy to bring panic to investors. Many investors will blindly chase the rise and kill the fall, causing many cryptocurrency prices to change at the same time.

I think the simple reason for the downward trend in bitcoin prices that also affects other coins is because bitcoin is the mother of all coins.

and another reason is that Crypto Assets price volatility is mostly based on hype which often keeps interest high. The price drop can be affected by a post on social media and what other people in the Crypto Asset world are posting. In the area of ​​Crypto Assets, news really has a significant influence on the situation in the market.

It's already been said a lot of times in the thread, because crypto X and crypto Y is connected or something like that, I think that there's no other explanation why it does rise and fall together meaning that this topic should be locked already or something.

I think that this is all about the dominance in the market. Whichever coin has the most dominance rate, it rules the market also. Bitcoin is the one now. It has a dominance rate which equals to 45.8%. The closest one to Bitcoin is Ethereum with 19.1%.

So, whenever the Bitcoin price decreases, it affects the other coins in the same way and vice versa. I don't think there is another factor that causes this to happen.

That is actually true for stock markets as well. You think stock markets dropped because of pandemic? It didn't really dropped for pandemic at all because many many companies made even profits during that same period, but it had a huge crash because people were afraid and sold their stocks.

I know that we do not really have any proof for this or any data, but we can clearly say that even if a company is doing amazingly, if people just want to sell then they can sell and drop the price, which means a company doing amazing business but dropping in stock price, rarely ever this would happen but it is definitely something possible. The difference is that news makes a lot more impact in crypto because regulations are very harsh and volume is very little which means that crypto could be moved like crazy without a problem at all.

This is likely because most of the cryptocurrencies are still influenced with the major moves of Bitcoin. As Bitcoin rises, others will follow and the same thing goes if it goes southward. Bitcoin is the most popular cryptocurrency worldwide and it's likely the mostly-used cryptocurrency to be exchanged to various altcoins.

Bitcoin use as benchmark of this market, most of the time it reflects to each alts whenever bitcoin pumped

up, hypes happened and more alternative assets recieved good amount of increase, same goes when bitcoin

start to dumped down, there's also a domino effects that place most if not all of alts market to suffer.

All matters with the demand and volatility would always be that in common and also talking with trends then it is likely that majority of coins will really correlate with Bitcoins trend which does simply means that

whenever bitcoin is on bullish or bearish then they do tend to get pulled off with that one and would follow.Although not all the time but as we do observed on this market then it is mostly been happening.

Thing here as a crypto investor then you should know on how to ride off with these waves for you to make money.

You'll actually find a similar trend within the stock market - both with the market overall and with certain industries within the market. For example you might find a short term situation where pharmaceutical companies undervalued, water utilities overvalued and bigbox retailers undervalued. When people are afraid there can be a stampede for the exit and everyone tries to get out. Sometimes there is forced selling involved or leverage which can amplify the effect on the way down, causing domino and ripple effect. If somebody loses on Bitcoin, they might decide they want to cut their losses in all cryptocurrency and run - never to return. To answer the question you would have to be able to perceive the independent actions of millions of people living complicated lives and the psychology that drives their trading decisions.

This can happen because there are two possibilities that could happen or even really happen simultaneously.
The first is that Altcoin pairs are generally BTC, for example ETH/BTC, CAKE/BTC, BNB/BTC, NEO/BTC, WAVE/BTC, so when BTC price fluctuates against USD, all coins paired with BTC will fall. also

Then the second possibility is, investor interest in cryptocurrencies is universal. This usually happens during the altseason, where all blockchain-based digital asset prices are very marketable. So that all coins and tokens will experience a price increase in a fairly short time.

In my own observation, bitcoin is the main indicator for cryptocurrency prices. The nature of btc market is volatile because of its speculative nature and its new technology use cases may drive up the price or regulations and policies from governments may  pull the price down dramatically. Being in this space for quite a while, these are the reasons why cryptocurrencies rise and fall together.

Basically they're falling dependent on exchange activities that caters every trading pair of a certain coins you're going to trade. What's fun things about it is the reality of market value which eventually fall during red signals tend to attract every bids.
Investors and traders also look forward on that certain movement, so the trend basically influence every person who's expecting the drops every minute.
Though other coins doesn't have very active trades, but it's common with btc and eth joining in behavior together to rise and fall.

If some token price is increasing all of the sudden, then it is all because of the increase in the demand. Same time some tokens are into manipulation and pushed. This manipulation attracts people to make investment. Further some used to grow gradually while some fails. If you watch the market closer, it is very transparent to see market falling together mostly when there is crash with bitcoin. This is universal for the cryptospace.

The explanation for me is simple, the only currency that has a life of its own is BTC, and therefore altcoins do not have a life of their own, they all depend on BTC, as I have said before, the only alts that go up a lot when BTC goes down are those that are driven for the "Pump" and "Dump", and there are many like that, in fact in Binance there are many currencies that have that performance, and when the pumps occur they naturally occur again in a repetitive time frame, some in months, others in a few weeks.

When BTC rises, normally the alts are stuck for a certain time, then they go up following the direction of BTC, just as when BTC falls in price, the alts bleed dramatically.

1.Bitcoin has actually developed, and after it was invented, blockchain applications and other cryptocurrencies have been derived. The price of cryptocurrency will be affected by the price of Bitcoin.
2.Many investors refer to the price of Bitcoin when trading, and specify investment strategies based on the price trend of Bitcoin. The rise of Bitcoin indicates that the cryptocurrency market is good and investors will enter the market to buy. On the contrary, the decline indicates that the market is not good.
3.When Bitcoin prices experience high volatility, cryptocurrencies will be sold due to market sentiment.

I have seen some tokens going up all of a sudden by 10x or 20x in a couple of days. And in 99% of the cases, the dump occurs within a few days time and the prices come back to the previous levels. Inexperienced investors always purchase these tokens, when they are close to the peak level. These guys will be stuck with the tokens and need to wait until the next pump occurs to dump them (and that may never happen in a majority of the cases). Investing in such tokens is a good way to reduce your capital by 90% in a short period.

Yes most of those have changed their dependencies but still bitcoin carries many other cryptos down and fall with itself. Very rarely it happens that bitcoin going down and most other coins are going up, as it is a major portion of the market and whole crypto market depends on bitcoins.

Gave him the answer that he/she sick, not cast him or want the thread should be locked. There also others who will benefit that may want to add, comment or even be against the ideas list already. That's how forum work my friend.
@op, market coins are  connected like a food chain, when one goes down, the others follow. That's exactly how price of  high and low works sometimes but there situations where a altcoin will be going up or bitcoin and other to stay without profit.

It is hardly possible to agree with such a statement that bitcoin is the only cryptocurrency in this market that has a life of its own. We know that the level of capitalization plays the main role here and, as a consequence, the level of price dominance. Bitcoin has a very high capitalization - $ 814 billion and this figure is very different from other cryptocurrencies. Therefore, its price dominance is now 46.4 percent. This leads to the fact that almost all altcoins follow the price movement of bitcoin.

Bitcoin dominates the crypto market, and some altcoins will refer to the price of Bitcoin when trading, and trade strategies based on the rise and fall of Bitcoin.
Affected by the market panic, investors blindly chase the rise and fall, which will cause most altcoins to continue to rise and fall along with the fluctuation of Bitcoin.

Like everyone said - alts are controlled with more stronger cryptocurrency like Bitcoin. Same is with fiat currencies and economy. When a country with strong economy is down, same happens with other countries. For example when dollar becomes weak or oil prices fall down. Other countries immediately suffers from that.

When Bitcoin among cryptocurrencies rises, other currencies will follow Bitcoin's rise. If it wants to fall, then other currencies will basically fall. Most crypto enthusiasts are not for investment, but for speculation, resulting in insufficient liquidity.

Bitcoin's position in cryptocurrency is quite high. As the king of cryptocurrency, it is not surprising that other altcoins follow suit under normal circumstances. The sentiment of crypto investors will be affected by Bitcoin, leading to a sell-off. In this case, the price of altcoins will fluctuate accordingly.

Simply, the high correlation between Bitcoin and other alternative coins because Bitcoin has market dominance of more than 45% and followed by etherium 19% and the rest are alternative coins so that with the high market capitalization controlled by Bitcoin it will become a role model for other coins besides Bitcoin and other cryptocurrencies have differences that are not large enough so that this similarity encourages investors and traders  have the same psychology when facing a decrease or increase in price

 In crypto, it has  a game "Follow the Leader" in which bitcoin is the leader while altcoins is the member.The rise and fall of bitcoin is depends on bitcoin and demand. If bitcoins value going down, altcoins always follow that makes the weak hands of the seller and holder to panic sell what they hold because of fear. But if people/investors see that the value is increasing , they are chasing to buy that makes the value of a coin increasing more.

I believe both alternatives are right. There are whales who operate in multiple exchanges, dealing with multiple crypto currencies and there are also many smaller investors who follow these whales' movements. Then we have the trends, hypes, bull runs which push different assets of crypto market upside, always led by bitcoin on the front. That is a clear signal of how speculative crypto market is.

Most cryptocurrencies rise and fall together because they are actually dependent on Bitcoin. If Bitcoin price starts increasing then we see the market being all green. If the opposite happens, then the market in general is also affected in the same way. It's about Bitcoin's being the most dominant cryptocurrency in the market. For example, if the number one cryptocurrency was Ethereum, then the others were going to be dependent on it.

Ever since the rise of many potential altcoins, it can be observed how they follow bitcoin's price movement wherein whenever it experiences a sudden rise in value, the altcoins also rise together with it. It can also be seen evident that the multiple number exchanges which involves different cryptocurrencies affects the unified rise and fall of it. Bitcoin has always been the trendsetter and it is no surprise that many are still investing on it as well as believing on its capability to rise more in the future. That is why most of the investors diversify their investment because they know most of it will follow bitcoin's bull run whenever it happens.

The reason most cryptocurrencies grow together is because they have a much higher level of investment in the market amount of investment in bitcoin in the crypto market is always high as the price of bitcoin rises so does the value of all these altcoins. Currencies all continue to rise depending on the price of bitcoin despite the rise and fall of the market, investors are holding on to the currencies depending on the price of bitcoin. With the decline in bitcoin prices a few days ago, the demand for other altcoins has declined but is now rising again.

This is basically most of the time, but it is not at all times, we are talking about something that usually goes hand in hand but sometimes it doesn't do that. When? When there is an altcoin season you get to see that we have bitcoin staying still while all other coins going up, and that is the difference between an altseason, and a bull season. In a bull season you have bitcoin and all the other coins going up.

The greatest example for this is the period when bitcoin went from 10k to 60k, for example eth moved from 100-150 dollars to 3k dollars at the same time, which means it was a bull season because they all went together, this happened in 2020-2021 period so it is fairly recent and I hope everyone remembers it.

However what happened afterwards? Bitcoin stayed between 50k to 60k prices and didn't move up, meanwhile ethereum went from 3.2k levels to 4k+ levels, bnb moved from 300-400 dollars to nearly 700 dollar levels. That one was altcoin season and happened around in late April and May, which was the proof that the end was near, because after the alt season usually prices start to drop.

I believe the cryptocurrency market is being affect by the movement of Bitcoin which make every other altcoins to follow it trend. When the price of Bitcoin fall, it will also affect other cryptocurrency coin making them to fall too and when the price goes up every other coins will be affected too.

Since every other coins are built on Bitcoin interface and origin, every crypto coins must concur to it moves. Just like the recent Bitcoin fall from $60k+ to $30k+ making many crypto traders to lost their Trading funds also affect other coins to fall too even though there fall was not as severe as Bitcoin.

It is a very perplexing phenomenon. When a bull rally occurs, usually the altcoins go up even more when compared to Bitcoin. As a result, the exchange rates go up, but the Bitcoin dominance will go down. The exact opposite is the case during bearish phases. The price goes down, but the Bitcoin dominance rises because the altcoin exchange rates go down even more when compared to BTC. The best example is the bearish phase of 2018, when some of the altcoins went down by as much as 98% or 99%.

the price of a cryptocurrency reacts sharply to the demand for it. high volatility is present in all cryptocurrencies, since they are not backed by anything, like a currency. when something happens in the cryptocurrency market that affects their rise or fall, as a rule, it has a steam locomotive effect. demand falls or rises not only for one cryptocurrency, there is a change in prices for other cryptocurrencies. people are starting to sell or buy not only bitcoin but other alternative coins as well. so the price changes

when the phase goes down, the altcoins fall deeper and the dominance of bitcoin will rise, this is because investors are looking for a safe place to invest, namely in bitcoin, so bitcoin capitalization looks very dominant at that time. and this will split after bitcoin has increased and is followed by altcoins which will rise higher than bitcoin, because it is felt that there will be many potential altcoins with lower prices, in this case it seems as if bitcoin cannot be separated from the holder of control in cryptocurrency

Cryptocurrencies rise and fall together for various reasons, and they follow the laws of the BTC.D domain and the volatility of Bitcoin. Besides, some crypto projects have escaped that movement and gone their own way. For example bad news and good news. Some altcoins diverge and move in a bullish direction due to user demand. Most recently recorded AXS increased about 20 times in two months.

In order to influence the price of another cryptocurrency, the level of capitalization of the coin, that is, the volume of investments that are invested in this coin, is of decisive importance. The volume of investment has a direct impact on the level of price dominance in the cryptocurrency market, which is determined as a percentage of the capitalization of this coin to the capitalization of the entire market. Bitcoin has always had the highest level of price dominance, now it is 41.2 percent. This gives him the opportunity to influence the prices of almost all cryptocurrencies. The second place in terms of price dominance is taken by ethereum with 18.7 percent. Any cryptocurrency with the highest percentage of price dominance will exert price pressure on all other cryptocurrencies.

Most coin are built on the leading smart chain network and core and this also affect the price. If the leading coin fluctuates it affects every other coin built on the same network. But what actually affect the price of the leading coin is the demand and supply curve margin. if the demand is high price rise if the supply in turn rises the price falls the law of economics

I agree when some crypto coins move steadily they will follow their king (Bitcoin) movement but it depends on what news they have. But from what I see when they got good news many coins won't steady at their high gains but they will fall to near normal price because many people take profits from it. Don't fall into the trap when a coin increased about 10+ times in a short time.

Crypto is a market as a whole, and even though there are individual movements time to time, the general direction of a market is usually the same. Silver and Gold move up and down together as well, or stocks move up and down together as well. Don't get me wrong, there are situations where one individual goes up while other goes down, but that happens in crypto as well. So, when you are talking about a market, usually pieces of that market go up and down together.

This is why I believe that there won't be any problems when the market keeps moving up and down together in the future as well. This is how it is everywhere else and this is how it will be for crypto as well.

It is not for crypto though, we have seen reverse movements before and that is why people are a bit confused about it. I am not saying that this is what will happen but at the same time I am not saying that it is impossible neither.

Remember that there have been plenty of times when bitcoin went up and altcoins went down as well and that is why we all know that it is possible, and meanwhile we have seen some few coins to go up like you said individually, so that looked like 5-10 coins went up along with bitcoin while plenty of them went lower. This is why people are a bit surprised to see that there are situations where the whole market goes up and down together.

And it's all due to the pairs of btc with most of the altcoins in the market. Although there are dexes but many of them still falls into bitcoin eventually.

People should just accept the fact that bitcoin is the big market mover.

That whenever it drops, your alts are also going to melt the way bitcoin is being melt. But if the opposite happens, then it's the positive thing on why bitcoin is a good asset to hold among them all.

I don’t think that bitcoin holders might be the holder of altcoins too and thus they are the one whose selling or buying them so that everything goes up and down in harmony. It’s more or less chain reaction kinda scenario where bitcoin makes the other market to go numb and think they are in the risk of holding it. So it’s better to sell off the crypto for stable coins or fiat to secure the profits. The relation is however more complex than we think. Perhaps there are also so many liquidity and staking pools which also hold back the resistance. It’s truly more than one thing.

Sorry i don't know what you're talking about on the last part. But yeah because bitcoin has the largest market cap in the market reason most coin tends increasing value as well when it goes up.

But not all the time bitcoin can influence all coin in the market for your information, because you know there some big traders /investor that used to dump to another coin in order for them to make profits despite of the situation of the market wherein reason when bitcoin is going down there are some alts that tends to increasing..

Bitcoin is king of all coin and most popular coin in cryptocurrency. Bitcoin and most coin between good relationship each other.We know when bitcoin price rise then all coin price going to rise. Now bitcoin price drop and almost coin are going to fall down in price. So i think when bitcoin price will rise again then all coin price will be rise again.

It's hard to pinpoint all the interconnections, hopes and fears that drive financial related transactions but I distinctly remember right after Covid started. The stock market began to crash and Bitcoin went with it - so the effect is not limited to specific assets, or sub classes within those assets. However there definitely is correlation between cryptocurrencies for all sorts of motives - you've got whales involved, which might sometimes be hedgefunds trying to take profits when things look negative and you've got people who bought in but were hoping to see rises, then they get spooked at the large amount of volatility in the market - people are happy to see it go up 10% in a day, but might get spooked if it drops 3%. It's impossible to tie these things down to one reason, because there are millions of different motivations and requirements out there.

Fundamentals could really give out a total effect not only into a specific market but also in crypto as well on whom we do though that it wont really be affected with any external news and events which do correlate out.

This is what makes things even more confusing on the time that you do make out some decisions whether you should get in or not but its up to someones choice on making out such decision.
Correlation between prices is normal but not all the times they would be moving on the same path specially in between bitcoin and altcoins.

Actually all of the investors belong to one class and they invested on a large scale on all of these assets and the are interconnected with each other in their specific investors platforms and they all stay alert about all the news on crypto these may clear your doubt because they all get informed at once of a sudden rise and fall and they all react at the same time which reflects in the markets of all of these assets. That rise or fall continue for some period of days or weeks which means that a good number of investors and traders get the alert or realize the situation later and they react later. That thing interconnect all of the assets in market movements. While the price difference of each coin is a different matter that difference is because of the demand and supple and the marketcap of the coin/asset.

Most of the crypto rise and fall together because they depend on Bitcoin if Bitcoin fall we can saw many altcoins will also fall,because there is always fear and people will surely dump Thier altcoin holdings because they are afraid to loss a big amount of profit specially to those who are newbie so I think this is normal.

As said every altcoin is tied to bitcoin in some means. This can be a direct dependence or through some means. This is the reason why the entire market used to crash once there is decline in the market of bitcoin. Whenever there happens a market disturbance the same makes impact over the Investors. This reflects in the form of panic waves and increased selling pressure causing further drop in price. When there is positive news associated with bitcoin, there'll be growth and the same gets followed by altcoins.

The price of Bitcoin controls the crypto market as a whole. If Bitcoin experiences a bull run, some investors who hold altcoins panic and sell, causing the currency to crash to follow Bitcoin's phase. Similarly, if Bitcoin is pumping, many investors will want to invest in other altcoins in order to earn enormous profits, causing a price pump.

Yes, bitcoin still remain the king among other cryptocurrencies and that is why many investors like to invest more on bitcoin than any other coins in the community. When the price of bitcoin increased to $75k last year and many other coins start improving in the community that was giving other investors an opportunity to start earning from their investment. Since bitcoin price started dumping in the community and other coins are dumping too, show that many investors are using bitcoin price to determine what will happen to other coins in future. Now that many buyers are rushing to buy more of bitcoin based on the price dropped that happened few weeks ago to make people prepare for a brighter future and likewise to other coins investors.

I think I already posted in this thread, but in the past few hours I've definitely noticed bitcoin and a lot of altcoins I watch all sinking in tandem.  That doesn't always happen like that, but I'm pretty sure most of the time when bitcoin moves hard in a certain direction, the altcoin market follows suit.

That dependence you mentioned has to do with altcoins being bought/sold with bitcoin--or at least priced in bitcoin on exchanges.  I think if altcoins were traded exclusively with fiat, things would be a lot different.  That said, I don't know that's true by any means and I haven't heard any definitive explanation for the correlation. 

Maybe some PhD student in economics somewhere is doing his/her dissertation on it.  If not, I just threw a great idea at all the grad students out there.  Lol.

especially if the bitcoin phenomenon has increased, there will be many investors who are looking for altcoins to invest, in the hope that they will have big profits. The influence of bitcoin so far has not disappeared on the development of altcoins and this has happened as it was in the beginning. it seems that all investors have the same rationale, that bitcoin's behavior will also have an impact on the development of altcoins, and if most people think that, then it's not surprising that ups and downs occur together.

And just as the market now.

Bitcoin shoots to $39k and then Eth has come up to $2700 after going down to $2300. This is the actual scene in the market that bitcoin has always been the leader of the market.

It goes up, the rest of the market goes up too.

That's why if it falls, and everyone is discouraged with its move, then it's for everyone to be calm as it will rebound together with the alts.

Most cryptocurrencies are based on trading Bitcoin. If the price of Bitcoin (based on USD) falls, the other cryptocurrencies will also fall. Since the exchange price between Bitcoin and the exchanged cryptocurrency will remain the same.

Altcoins follow Bitcoin closely but there are times where altcoins make big gains against bitcoin as capital flows towards them once Bitcoin has finished its run up higher. When Bitcoin drops people convert their altcoins to btc before being able to convert to usdt. The same is true when people want to buy altcoins.

because BTC is the parent of all coins and if it decreases it will have an impact on all coins including new altcoins, and a decline will always occur when new investors panic when the value of btc drops 1%

I do agree on this one on which Bitcoin is the main trend setter even though there are coins which do really have some other movement but most likely all coins below would surely
in line with the trend.If Bitcoin goes down then majority of them would be pulled down too on where we do have this kind of red days on which is pretty basic or normal to consider out.
On the time like this then panic is surely in common and this is what makes the market situation even more worst but for those who do have experience does really
know on what to do.

Bitcoin is the flagship asset, so of course the market will follow its path. Ethereum will probably achieve 'complete' separation in a few years, same with other assets like Cardano etc, once their mcap and # users reach much higher levels. Mass adoption will lead to separation.

This is because most of the cryptocurrencies depends on  bitcoins value. When the bitcoin goes up, the majority of cryptocurrencies/altcoins  moves up also. When the bitcoin price goes down, then all other cryptocurrencies also move in the same direction. Thats the reason why bitcoin is referred to as the king of all cryptocurrencies and most well-known crypto.

The stock market crashed because of the lockdowns and the perceived loss of revenue. And most companies did lose revenue. Online e-commerce platforms like Amazon lucked out because they were able to resolve their supply chain issues and keep their platform running and so their profits came from that, and the fact that physical stores were shut down. Wasn't merely just a panic sell, but legitimate projections about the volume of business that would result from an economy that was artificially shut down.

Crypto can work the same way and the market is a monolithic, so if a crash occurs, every crypto goes down. That's not to say one cryptocurrency can operate independently of another, obviously many trash alt coins tank routinely.

It is the demand and supply that causes volatility in the cryptocurrency market. If nobody is demanding for a coin and ofcourse nobody is supplying that particular coin, the coin will just not fluctuate very much. Also bitcoin is like the head and the altcoins are the other parts of the body. Anything that affects head will affect other parts of the body. But something that affect one part of the body may not affect the head.

In other words, Bitcoin is the leader for cryptocurrencies. Many investors and retailers enter cryptocurrency through Bitcoin and there are also those who treat Bitcoin as a holding investment.

Its limited supply and 4 year halving system is able to produce a consistent increase in value for Bitcoin, of course this will be a big attraction for Investors and retailers to own Bitcoin and continue to increase their holdings.

1. One way that retailers or investors (big fund) to gaining the Bitcoin holding is doing trade with Altcoin/BTC pairs. Every price of altcoin they buy using BTC goes up, the BTC they have will also increase.

When retailers and investors, big funds come in at the same time, a lot of fresh money ends up going into Bitcoin. Demand increases and supply is limited to Bitcoin causing the price of Bitcoin to rise. After that, there are several investors, retail or big funds who also want to increase Bitcoin by making trades like the one I explained above. It's the same as Bitcoin, if a lot of it enters the Altcoin, the demand for the altcoin increases while supply is also limited, this results in an increase in price.

2. If the big funds (intitution investor) feel that they have benefited enough from the increase in the price of Bitcoin, then they will decide to sell off the Bitcoin and then prepare to buy back when the price has fallen or is cheap. When Bitcoin experiences a decline in price due to selling action, FUD, bad News, the altcoin holders were worried and panicked, then took a massive sell-off/panic selling, so that they no loss and can sell quickly.

So that's why Cryptocurrencies go up and down simultaneously, but altcoins are more volatile if bitcoin moves, especially if Bitcoin experiences a 10 to 20 percent decline, the altcoin can drop in price by more than 50 percent.

The answer to OP's question is very obvious, we all know that BTC is the King currency, it's like dad, the only currency that has a life of its own, it's something like that without BTC the other currencies would not exist, and in this crypto market this is evident, when we compare BTC with another outstanding cryptocurrency, such as ETH, ETH has a very similar chart to that of BTC and it is logical, because the movements of BTC are according to the movements of BTC, and this statement applies to all cryptocurrencies, there is none that escapes it, even tokens, the only exception is when there are coins that survive the pump and dump (but this is another case) then it means that all crypto depend if or if from the movements of BTC, it's like something like they say in my country BTC is "the dad of ice creams"

this is actually very difficult for us to find which causes the market in general to decline and suddenly generally also increase. if this is caused by large investors suddenly selling or buying coins, this also makes sense. Talking about market conditions, of course there are activities of traders who sell or buy at certain times.