Is Altcoins Follow BTC Rally?

[shiming]

Although Bitcoin is now about 23,000 USD, other cryptocurrencies are still a long way from their high prices. If Bitcoin continues to maintain such an upward trend next year, I think the prices of other cryptocurrencies will rise to a considerable level. I think many people are optimistic about next year.

[trauchot]

Indeed, usually when the price of bitcoin rises, then the altcoins begin to rise, and when the price of bitcoin falls, the price of altcoins also falls, but I myself have noticed cases when bitcoin grew in price and altcoins did not grow, and vice versa, there were cases when the price of bitcoin fell and the price of altcoins did not, so there are always different cases.

[Nhor1011]

Bitcoin is always the leader for altcoins because it bitcoin increase, altcoin will follow as well. But this new ATH of bitcoin, altcoins doesn't move too much. However, let's just wait because I think this bitcoin rally is not yet finish.

[Kupid002]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

In Bitcoin rally yes they follow Bitcoin price, not all  but most of the altcoin increase in Bitcoin rally  the same thing happen before breaking ATH of Bitcoin just look at what happen on the top 100 altcoin after that . but in normal price increase they don't the same movement most often . It's only depend on the situation and also depend on what altcoin you own.

[tycsols]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

If your are talking about alts/btc pairs then I do not see them performing anytime soon because they are high chances that bitcoin will turn parabolic in coming weeks but yes in terms of usdt or other stablecoins pairs we can expect the altcoins to do well that is why im also trying to revise my portfolio to take advantage of the situation.

[Renampun]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

*it looks like we have discussed a topic that is almost similar to this, it's just that you are too lazy to search again...
when Bitcoin bullish will of course call many investors, these investors will definitely not only invest in Bitcoin but also other potential Altcoins. This is the main reason why when Bitcoin is bullish some Altcoins will bullish too.

[Twinkledoe]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

In Bitcoin rally yes they follow Bitcoin price, not all  but most of the altcoin increase in Bitcoin rally  the same thing happen before breaking ATH of Bitcoin just look at what happen on the top 100 altcoin after that . but in normal price increase they don't the same movement most often . It's only depend on the situation and also depend on what altcoin you own.

Only few alts can follow, most of them are in the top alts. If you can see in the coindesk alone, the charts of alts are following the trend of btc. That is, the top alts only. But most of them, will only follow the trend if they have strong development going on or has active use case. Otherwise, they can't follow the price movement of btc.

[bttmember]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

The correlation between bitcoin and altcoins can be different at different times because there are a lot of factors involved and if we saw btc really flying and dominancy increasing further in coming weeks it would be a sign that other coins will also grow in usd value but they will only fly in real sense when btc settles or reverses.

[Princejebs]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

Its natural way of the market, just like during the ICO times when Btc was having influence on alternative coins but 8 think the correlation has really reduced over time like the previous.
Check bitcoin capitalization, it's holding an estimation of 60% while altcoins dominate the rest of the market. The movement isn't really like past because majority of altcoins that were pump massively in during the alt season has been abandoned and much funds has been move into  Bitcoin.

[crzy]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

This is just a speculation and just the effect of Bitcoin dominance in the market where investors are too focus on Bitcoin because of a bull market and later on will transfer to alt market so they can pump it as well. I believe Altcoins will follow the Bitcoin trend, it may not happen this year but next year 2021 will be a great year for both Bitcoin and Altcoins.

[magnum cyber]

whether this is coincidence or not but the fact is that when the price of bitcoin goes up then some of the other top altcoins also go up, the increase in bitcoin price can have a positive impact on other altcoins too. You can see for yourself that some of the top altcoins like ETH, BNB, XRP, LTC etc. have experienced a rise in price.

[kevinzxz]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

because now almost all altcoin use Bitcoin to be paired when trading on exchange, so that it affects for the price of altcoin if the price of Bitcoin pump or dump, therefore many investors who hold altcoin must hope that if the price of Bitcoin increase very high, because every Bitcoin price increase will definitely affect for the price of altcoin (although sometimes there are some altcoin whose price falls when the price of Bitcoin increase, but that's just a few altcoin that happen).

[Yamifoud]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

I'm not sure if you are new to crypto and you are not able to picture out the whole market changes from the start.
Bitcoin moves high and altcoins did the same, that is what it happening before. But this scheme has been changed this time, they are running in a different direction. Bitcoin pumps but altcoins still in the bearish season.

It is a very unusual thing to see that altcoins did the rally while Bitcoin going to dump but often to see that most of the time altcoins did a huge correction than seeing them in pump trend.

[manfredmann]

It will depend on the marketing team of that altcoin. All demand from the altcoins are from its community. The more investors believing in the project rhe higher chance that it could get a good market value just like to what happen with ETH. But no coin could be like bitcoin in terms of marketcap volume wherein more than half of its market cap volume for cryptocurrency are coming from btc.

[namcunguyen]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

Altcoins will follow Bitcoin because in the crypto market Bitcoin is the one who decides everything about price. When Bitcoin rises rapidly altcoins will take longer to increase in price, I observe that in a few days we will see Altcoins increased faster.

[lunnatic]

well, of course, altcoins are just waiting for the time to come,
we all know what happened to altcoins in 2018, when the price of Bitcoin reached altcoin,
it gave a shock pump of up to 1000%, of course this could happen again this year, believe it.

[KellyCoin]

Hopefully we will see a repeat of altcoin pumps similar to 2018. But there needs so be a correction in btc first.

[TravelMug]

Hopefully we will see a repeat of altcoin pumps similar to 2018. But there needs so be a correction in btc first.

Yes, but the question is when bitcoin going to have a correction because currently we can't really this hype train as it keeps going and going to $25k. Although in 2017, altcoins already see a massive pump together with bitcoin. However, if I remember it correctly, the altcoins that pump are in the top ten and like every week manipulators will choose what coin to pump and then boom you will see a massive spike.

But when bitcoin decline at the start of 2018, that's the time that altcoin market really made it's one bull run, as majority of them touches their all time high in 2018.

[Astvile]

Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?

Bitcoins price in USD is pushing altcoins value in USD too because most of them are paired with bitcoin. Every bull run we have on bitcoin alts always follows or sometimes some of the altcoins pump along with bitcoin but most of the time IMO and in my observation most altcoins pump when bitcoin gets a price correction but as I said that doesn't always happen because some pump along with bitcoin. I am assured that alt bull run will surely happen in the next few weeks or months I guess, lets just wait.

[Prince Malik]

Yes of course in the majority of cases altcoins follow bitcoin and this is logic because all altcoins have ?/btc pair in exchanges and if the bitcoin rise other altcoins prices will automatically rise but there is some cases when people sell altcoins to buy bitcoin and in this case things will be Different