BTC PUMP, But Every other Coin Dumping!!

[jrrsparkles]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

People are selling their cryptos to buy Bitcoin that could be the only reason why every coin is dumping while Bitcoin is bumping.Well I don't see huge dump on alts, already the prices are in green and its almost same as the bitcoin for now.

[Xembin]

Trending of BTC is a sign that bitcoin is more popular than any other cryptocurrencies. Many cryptocurrencies are dumpling in this season right now, that is making some trader afraid of their coins they are still holding over six months . Bitcoin is taking over the market with so much surprised of pumping while others such like altcoin tare dumping gradually over few weeks now.
I came to observe it that any time bitcoin is going up altcoin will be going down. Even Ethereum and BNB are reducing also in the market that is making some traders to guess is because of pandemic in the world.

[Dorodha]

Yes the crypto market will pump up a lot but there are many differences between Altcoin and Bitcoin. The cryptocurrency market will pump Bitcoin even if the demand for Bitcoin is higher looking at 2017 a lot can be seen. The reason why Altcoin is going down is that the demand for currencies is declining and the market is not able to pump much. The price of all these currencies increases depending on Bitcoin. Even if the pump dump is running in the market the market may rise in front.

[EdenHazard]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

People are selling their cryptos to buy Bitcoin that could be the only reason why every coin is dumping while Bitcoin is bumping.Well I don't see huge dump on alts, already the prices are in green and its almost same as the bitcoin for now.

This is the easiest way to understand why the bitcoin pump causing the altcoins dumped. Yet i still expecting the altcoins like litecoin will go down later after a slight up like what we are seeing , mark my words that those altcoin that following the bitcoin trend to go up it's just temporary, soon it's gonna get down to a dip especially when bitcoin run much more unstoppable passing $15k or more.

While waiting that moment , just prepare your cash to go to buy altcoins as once it go up .. you might will have 300% or more in profit awaits!

[bitcoin31]

People always think once the bitcoin value rise it same to the altcoins it is mostly and they have time it not same . But for sure the altcoins are rising again so dont worry it will hit again the value that they reach before just be patient just focus now on how to increase more thr value of the bitcoin because if that coin rise a big chances to follow the most of the crypto coins so you will get beneifts if tha's happen.

[Mahdirakib]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down?

I was amazed to see that. People were moving to bitcoin from altcoins. Seems like now the alts trend back again. Beside btc alts price are also increasing. Among top coins eth and ltc doing really well. Bitcoin marketcap dominance reached over 61% but now it's decreasing slowly. I wish btc will continue it's upward movement more strongly. All these fluctuation depend on investor thoughts.

[Ayiranorea]

Today the price of ethereum too have increased along with the bitcoin. There is increase in the market dominance of bitcoin, which is an indication of bullish trend. Altcoins on the other side has been experiencing limited growth, while few altcoins are pumping in similar percentage of bitcoin. It is the time to buy small priced altcoins, because soon there'll be growth with altcoins following bitcoin.

[djmixen]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

This normally happened dude, so it's not new to me. I've seen this also for a couple of years now as well, where most of the altcoins in the market go down when the price of Bitcoin spike its price. Then, in vice versa when bitcoin goes down most of the altcoins goes up something
like that.

[michellee]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down?

I was amazed to see that. People were moving to bitcoin from altcoins. Seems like now the alts trend back again. Beside btc alts price are also increasing. Among top coins eth and ltc doing really well. Bitcoin marketcap dominance reached over 61% but now it's decreasing slowly. I wish btc will continue it's upward movement more strongly. All these fluctuation depend on investor thoughts.

After people make a profit from bitcoin, they will move to altcoin and hope they can make another profit from altcoin. But now, they still enjoy making a profit from bitcoin because bitcoin prices are still up and down, and that still a good chance to try to make as much profit as possible. But they need to be careful because these situations are still unpredictable. Bitcoin prices can still increase, but bitcoin can decrease the price. We don't know about that. Ethereum and other altcoins are trying to follow behind bitcoin and want to use the moment to lift the price.

Just hope that bitcoin can still lift the price, and although the price is down, the moment to down will not take too long, and the price will have another time to increase and break $13k.

If you look at the MACD, the chance for bitcoin to increase still wide open, and I guess the trend still goes up and not reaching the highest line, so we hope that bitcoin can grow. But if the price doesn't get more support, then maybe the price will go down, and maybe that will be the time for the price to adjust.

[Oceat]

Today the price of ethereum too have increased along with the bitcoin. There is increase in the market dominance of bitcoin, which is an indication of bullish trend. Altcoins on the other side has been experiencing limited growth, while few altcoins are pumping in similar percentage of bitcoin. It is the time to buy small priced altcoins, because soon there'll be growth with altcoins following bitcoin.

Thankfully, the news helps me to understand why is it so sudden to see such pump of Bitcoin and Ethereum. Hopefully, there's no sudden FUD going to pop out of nowhere then BAAM, Bitcoin back to its normal price like 9k to 10k  in the last month again. And since Bitcoin did break that 12k to 13k resistance I think the price correction will hit soon but for the altcoins it's only the Ethereum I noticed that benefited to their Defi hype I think that's why most of these altcoins didn't even rise when Bitcoin is pumping.

[posi]

Today the price of ethereum too have increased along with the bitcoin. There is increase in the market dominance of bitcoin, which is an indication of bullish trend. Altcoins on the other side has been experiencing limited growth, while few altcoins are pumping in similar percentage of bitcoin. It is the time to buy small priced altcoins, because soon there'll be growth with altcoins following bitcoin.

Thankfully, the news helps me to understand why is it so sudden to see such pump of Bitcoin and Ethereum. Hopefully, there's no sudden FUD going to pop out of nowhere then BAAM, Bitcoin back to its normal price like 9k to 10k  in the last month again. And since Bitcoin did break that 12k to 13k resistance I think the price correction will hit soon but for the altcoins it's only the Ethereum I noticed that benefited to their Defi hype I think that's why most of these altcoins didn't even rise when Bitcoin is pumping.

Defi hype was not the reason why Ethereum follow the Bitcoin price momentum in the current uptrend market, mind you ETH was know for following Bitcoin market step after halving before the existence of Defi and what I believe also trigger the uptrend of ETH is 2.0 which all phase are almost executed.
With that been said, i expect Bitcoin market to experience market correction soon cause the recent trend was played by arbitrage traders.

[hulla]

For last 2days bitcoin is continuing it's uptrend run. It's close to 12000$ now. But why all the alts are going down? Especially the top alt coins which had a good price before the dump.
For example BnB was 31$ when btc was 11300$ and ETH was on 380$ when BTC was 11400+$ . Now BnB at 28.7$ and ETH at 370$. Any reason for the dump?

Base on the previous historical data of cryptocurrency market before the bullish market Bitcoin was always expected to lead first before the altcoin market follow base on there level of community support and it this trend continues then theres possibilities that the bullrun market have start but before it starts some little correction will occur with the surge.

[Oceat]

Today the price of ethereum too have increased along with the bitcoin. There is increase in the market dominance of bitcoin, which is an indication of bullish trend. Altcoins on the other side has been experiencing limited growth, while few altcoins are pumping in similar percentage of bitcoin. It is the time to buy small priced altcoins, because soon there'll be growth with altcoins following bitcoin.

Thankfully, the news helps me to understand why is it so sudden to see such pump of Bitcoin and Ethereum. Hopefully, there's no sudden FUD going to pop out of nowhere then BAAM, Bitcoin back to its normal price like 9k to 10k  in the last month again. And since Bitcoin did break that 12k to 13k resistance I think the price correction will hit soon but for the altcoins it's only the Ethereum I noticed that benefited to their Defi hype I think that's why most of these altcoins didn't even rise when Bitcoin is pumping.

Defi hype was not the reason why Ethereum follow the Bitcoin price momentum in the current uptrend market, mind you ETH was know for following Bitcoin market step after halving before the existence of Defi and what I believe also trigger the uptrend of ETH is 2.0 which all phase are almost executed.
With that been said, i expect Bitcoin market to experience market correction soon cause the recent trend was played by arbitrage traders.

Well, if you aren't aware yet, this is what I actually meant for the hype of defi.
https://decrypt.co/45536/ethereum-transaction-fees-lowest-price-defi-boom

Of course, Ethereum will follow if Bitcoin started to pump I've seen it happen before and it will going to happen again in the future. I also expected that correction to happen soon since it is obvious that the market is moving fast I don't if it's the arbitrage traders or it's because of this — https://www.cryptoglobe.com/latest/2020/10/bitcoin-fund-listed-on-toronto-stock-exchange-hits-100-million-market-cap/.

[bitgolden]

Well, it has been like this back in the day as well, looking at the situation right now everything is up, it got down for a moment there but right now it caught up, there is a 6% or so increase in bitcoin right now but when you look at ethereum in the past 24 hours there is a 7% increase, or in link there is 9% or in litecoin there is 12% so basically for the past 24 hours everything went up.

Just because it didn't started that way doesn't mean that it will continue that way neither, it is going to have a difference of movement speed, bitcoin could react a lot faster because it is the first one, but other altcoins could stay at their own place which makes them "look like" they gone down because they didn't increased like bitcoin but they will react later than bitcoin yet still will react anyway.

[DarkDays]

Just because it didn't started that way doesn't mean that it will continue that way neither, it is going to have a difference of movement speed, bitcoin could react a lot faster because it is the first one, but other altcoins could stay at their own place which makes them "look like" they gone down because they didn't increased like bitcoin but they will react later than bitcoin yet still will react anyway.

That's a fair point to be made aware of. BTC is actually climbing relatively fast and momentarily it looks like alts are doing bad when all there is to them is adjusting period.

I should add that as in the past when the same thing happened, BTC pumping meant that the whole market turned green after a while and by the looks of it BTC is on a much anticipated bull run which means that even alts will subsequently grow along with BTC but not at the same rate.

[Nellayar]

This is what we called balancing the sats value in the market. I never seen to my entire trading history that when bitcoin increases, altcoins have the same direction. The thing is, altcoins does not moving down, it is just the sats value that rise. Therefore, we have to increase our bitcoin when we are trading altcoins as well. Because whenever there is a pump in bitcoin, our alts value will remain. Actually, after the run of btc right now. Altcoins will follow.

[posi]

Today the price of ethereum too have increased along with the bitcoin. There is increase in the market dominance of bitcoin, which is an indication of bullish trend. Altcoins on the other side has been experiencing limited growth, while few altcoins are pumping in similar percentage of bitcoin. It is the time to buy small priced altcoins, because soon there'll be growth with altcoins following bitcoin.

Thankfully, the news helps me to understand why is it so sudden to see such pump of Bitcoin and Ethereum. Hopefully, there's no sudden FUD going to pop out of nowhere then BAAM, Bitcoin back to its normal price like 9k to 10k  in the last month again. And since Bitcoin did break that 12k to 13k resistance I think the price correction will hit soon but for the altcoins it's only the Ethereum I noticed that benefited to their Defi hype I think that's why most of these altcoins didn't even rise when Bitcoin is pumping.

Defi hype was not the reason why Ethereum follow the Bitcoin price momentum in the current uptrend market, mind you ETH was know for following Bitcoin market step after halving before the existence of Defi and what I believe also trigger the uptrend of ETH is 2.0 which all phase are almost executed.
With that been said, i expect Bitcoin market to experience market correction soon cause the recent trend was played by arbitrage traders.

Well, if you aren't aware yet, this is what I actually meant for the hype of defi.
https://decrypt.co/45536/ethereum-transaction-fees-lowest-price-defi-boom

I'm totally aware of Ethereum network transaction fee status and thats the reason why I told you early that the phase of all ETH2.0 which is almost complete is what led dump in tx fees.

Of course, Ethereum will follow if Bitcoin started to pump I've seen it happen before and it will going to happen again in the future. I also expected that correction to happen soon since it is obvious that the market is moving fast I don't if it's the arbitrage traders or it's because of this — https://www.cryptoglobe.com/latest/2020/10/bitcoin-fund-listed-on-toronto-stock-exchange-hits-100-million-market-cap/.

That news was just not the genuine reason behind the fast surge in price of Bitcoin and the last time i checked it was the implementation of cryptocurrency announcement made by Paypal.

[carlfebz2]

Well, it has been like this back in the day as well, looking at the situation right now everything is up, it got down for a moment there but right now it caught up, there is a 6% or so increase in bitcoin right now but when you look at ethereum in the past 24 hours there is a 7% increase, or in link there is 9% or in litecoin there is 12% so basically for the past 24 hours everything went up.

Just because it didn't started that way doesn't mean that it will continue that way neither, it is going to have a difference of movement speed, bitcoin could react a lot faster because it is the first one, but other altcoins could stay at their own place which makes them "look like" they gone down because they didn't increased like bitcoin but they will react later than bitcoin yet still will react anyway.

Its all random and it had been always like this since from the start on where we cant really make out conclusions or able to point because movement is subjective

and had that kind of behavior neither they do move in the same patter or would just stay down behind on one another.It does depend on how crypto investors will
move out their coins.

If there are movement in BTC just like on what we are seeing now, its not necessarily means that alts will be on reds.We can see that some top alts are in greens too or
making up some gains but there are times which these are on opposite scenario thats why its really hard to tell when it comes to giving out some patterns
of correlation.

[iamaruf]

So many reputed members gave the answer. Though its natural. Traders are crazy that's why happening this. Price is going high and after the paypal announcement traders selling their altcoins and buying bitcoin without any thought. When some good news come traders always move to bitcoin and sell their altcoins. This is the reason.

[Kasabus]

This is what we called balancing the sats value in the market. I never seen to my entire trading history that when bitcoin increases, altcoins have the same direction. The thing is, altcoins does not moving down, it is just the sats value that rise. Therefore, we have to increase our bitcoin when we are trading altcoins as well. Because whenever there is a pump in bitcoin, our alts value will remain. Actually, after the run of btc right now. Altcoins will follow.

This is not surprising to see bitcoin is pumping while altcoins are continue dumping. We have seen this trend in the market so many times. I think right now people are trading more bitcoins compared to altcoins that makes bitcoin keeps on being dominant in the market. But we should not worry because altcoins will sure to recover after some time.