Why is it that when BTC price rises, all alts begin to have a bloodbath?
Its simple. Atlcoins traders or investors are dumping their coins, causing it to dip a little and then moving their funds to bitcoin making the price of it going further. They have this thing called mutual exclusive. Its been practice by most of traders and its normal procedure so say the least. But there was times that both of the market flourish, which means that there are really new investors entering the picture. As of today, bitcoin price is above $16,000. I can't remember when was the last time we have seen it recovered in this price. Its a good sign that we have seen some great movement in bitcoin price. Japan and South Korea is again leading the way. And the price is even premium in South Korea, above $5000 with the current Western trading exchanges counterpart. Ripple is down hard with 15%, hah, just what I thought, its only short term and the so called "Rippening" didn't materialized. Sorry, bitcoin proves he is still the King. So brace yourself, we may see another bull run in he making here folks.
