I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?
XRP rose recently because of the Spark airdrop.
But the general pattern is I believe related to market confidence. Once some positive confidence is established, then BTC starts to rise. If the confidence then gets even higher, people drop out of BTC and start buying alts. You will often see that an alt boom follows shortly after a BTC boom.
