Bitcoin Stays Above USD 13,000, Altcoins Take Hit

[exstasie]

because there is still hope for Altcoins to rise again.

historically incorrect.
each time we see an altcoin season with a ton of new shitcoins that get a lot of pumps, the next dumping season is increasingly longer. i wouldn't be surprised if altcoins continued dumping in 2021 too.

Litecoin was launched in 2011, after Bitcoin's first bubble. Each time Bitcoin bubbled since then (2013, 2017) altcoins had a bubble too. Why do you expect anything different this time?

In terms of the amount of time these altcoin market cycles take, it's correlated with BTCUSD.

additionally with creation of so many shitcoins, they have to first die to open up room for new shitcoins to be created and pumped. again historically that has been the case. the old pumped coins are replaced with new un-pumped coins that will be pumped instead of the old ones.

My experience in 2017: anything still listed on an exchange during the late bubble stage will eventually pump. It doesn't matter how old or useless the coin is. It will pump. That's just the nature of bubbles. The greed and hype know no bounds.

[romero121]

After the price crossing $15000 there is no big hit with altcoins. Most of the altcoins were growing along with bitcoin, which means there is intermittent growth with price being the same. This intermittent growth is good for traders. Probably this growth in altcoins of top list will continue along with bitcoin.

The USA election result is associated with the growth happening on bitcoin market. For some reason, even before the election the market has been moving upwards gradually.

[sana54210]

People look at things daily way too much, they do not look at it monthly or weekly because that wouldn't be extreme enough to make a stance on what is going on, whereas it would be boring but correct to check it that way, but if you take a look at daily big moves you would definitely see something that would be extreme enough to be news and discussion worthy while not really being correct that much since daily moves happen all the time but changes after few days, so weekly or even monthly is a lot better.

Altcoins did dropped for a while that is correct, and it dropped last night as well, but when you look at weekly results, almost all of them are higher and they are doing very well. What this shows us that even though 5 out of 7 days were red days, that 2 green day made it all the way back and profited some.

[Sterbens]

What do you expect from altcoin market though? sooner or later the whole Defi hype will go down and that's what happen in the last week or so, then the continues scammers on that market stealing millions per hit. So investors are getting wise, better invest on BTC now, before it's too late.

For $13,000 support, yeah, it looks strong for now, and the price seems fluctuating but not going down below it, so it means that investors and the bulls are not willing to give up that support so easily and on the contrary, $14,000 is just around the corner.

can not be stopped anymore, as the parent crypto bitcoin will bounce and leave altcoin below with prices that will continue to shrink massively. indeed the altcoin hype will end, let alone defi as a newcomer, I don't think it will be able to move freely. The movement of bitcoin today seems unstoppable. towards $ 20,000 is just getting closer.

[Smitty Werben Man Jensen]

take hit dump ?, this is what happens now, when bitcoin is above $ 13000,
all altcoins are dumped like the beginning of last April, this is an unhealthy altcoin holder, and including me,
it's been a really tough day for me, hope altcoins can moon shot soon.

[barbara44]

Looking at coinmarketcap we could easily say that bitcoin has increased incredibly high, getting very close to $17k right now and we also see that altcoins are breaking their yearly highs (even few yearly highs) so it is safe to say altcoins lacked behind for a while but they are there now. Obviously on the first days altcoins weren't reacting as fast as bitcoin because that is the first coin that everyone uses, but after bitcoin started to go up and stayed going up, altcoins took a hit first but realized it is a long term situation and joined on the fun as well!

So, I assume we are going to see a lot higher prices from both bitcoin but also altcoins and it will continue down this way. When we stop, bitcoin will be first one to fall but after that altcoins will fall later too.

[lunnatic]

domination is still high, to be precise at 65%, to be honest this will be difficult for altcoins,
only a few will follow Fomo from Bitcoin, so you have to be smart to choose.