Is Altcoins Follow BTC Rally?

[ven7net]

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

It is difficult to judge the relationship between BTC and altcoins, as the situation in the crypto market is often unpredictable. However, there is certainly a connection. I believe that when BTC goes up, the top altcoins also react and their price gradually rises, but this growth is not great, since, nevertheless, if altcoins are pumped, then only after the price of BTC rises. In general, I believe that often the rise in BTC contributes to the growth of altcoins. Now we have seen how BTC reached $ 24,000, at the same moment altcoins also reacted with a slight increase. So this is how it shows that there is a direct connection between them.

[jaocoincrypto18]

Previous market history performances before shows that Altcoins are truly depending on Bitcoin performance that is why many traders are making the Bitcoin price as their baseline of their investment but I wonder why that this current all time high looks different than before in which Bitcoin price is really very far away from the Altcoins prices like the Ethereum that as far I remembered the price is $1.4K.

[JeffBrad12]

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

It's the way that one Bitcoin has a big impact on another altcoin. People say Bitcoin is the queen of virtual currencies so maybe everyone will follow the movement of Bitcoin.

Are you sure about this? what about this time? it doesn't seem altcoin is following the bitcoin trend and what's your conclusion about that? I do believe if altcoin will not always follow the bitcoin.
The news will bring the impact that even bitcoin can't affect the altcoin market. It seems like that theory was not true at all.
We must see the reality that's happening in the market right now.

[sarmrakib]

Most coins/tokens are priced in Bitcoin so when Bitcoin starts pumping, so is alt. That explains why altcoins follow Bitcoin bullrun. You will even noticed that in most exchanges and even the majority of DEX.

Yes exactly it is .When btc get started to pump we can see alt also turning out slightly but the main fact is that when btc has got the race alt look like stable .When we can see btc stable then alt are starting to pump .Its a normal behave of market .If we pass some time on the market we will have more idea then.

[erikoy]

Bitcoin is a hotseat of this year especially the bullish trend. No wonder that almost of the thread present in the section are all about bitcoin market price.

Now, with trendy aspect of bitcoin the altcoins had nothing to do with it. As had been observe that some altcoins had fall down and crashing while others are also being bullish just like bitcoin. In altcoins, no one could reay say that when bitcoin is good so it does to altcoin. One thing is sure about altcoins is that most altcoins fall down when bitcoin market crashes.

[Mauser]

They do slightly follow when BTC rallies however the problem is they dump much harder than 'rallies' when BTC corrects a bit.

I agree with you, the volatility we see in the bitcoin market tends to be much higher in the alt coin market. A rally usually has positive impacts for the alt coin markets. The correlation seems to be quite high in times of Sharpe rises or Sharpe declines.

[amarmurgi]

Honestly, you said something very important because Bitcoin is in the first place in this crypto market. So Bitcoin's relationship with Alcoin didn't have much of an impact because you see that at the time Bitcoin was at 6,000 but I sold our income coins at a hefty price and now you see Bitcoin where 23,000 left but then didn't pump very good coins. The main reason is that now everyone is looking at Bitcoin and so I think Bitcoin and Alcoin both move at its own pace. It is my general idea, now you can tell your idea. Thank you.

[MUG1WARA]

not all altcoins can participate in the BTC rally and only the top altcoins can participate in the BTC rally when BTC is doing PUMP while other altcoins still need time until BTC stabilizes

[Wysi]

There is a undeniable correlation between bitcoin and altcoin's price as whenever the is an increase in the value of Bitcoin, value of atlcoin increases (sometimes this doesn't happen) but fluctuations altcoins price does not affect bitcoin's price rather sometimes altcoins lose their investment to bitcoin when the value of Bitcoin surges and altcoin doesn't.

[charlesmichel1]

As you note that, altcoins follow Bitcoin from time to time. Now bitcoin price continues to push, and there are strong bullish moves in most major altcoins. I bought some ETH on Ownr and I keep my fingers crossed.

[Eddyc]

To a certain extent, yes, and we can consider the level of investment of institutions with their billions of dollars or fiat from their specific country. On the day we find these institutions joining large investments on certain altcoins we can be sure of that monitoring. However, due to the variations of the last few years, I'm down to earth to wait for the maturity of this thought without great expectations.

[Sebas.tian]

Most coins/tokens are priced in Bitcoin so when Bitcoin starts pumping, so is alt. That explains why altcoins follow Bitcoin bullrun. You will even noticed that in most exchanges and even the majority of DEX.

Yes exactly it is .When btc get started to pump we can see alt also turning out slightly but the main fact is that when btc has got the race alt look like stable .When we can see btc stable then alt are starting to pump .Its a normal behave of market .If we pass some time on the market we will have more idea then.

There's atom of truth in your opinion, we have observed this process severally, Bitcoin on a bullish movement don't always take along these altcoins even the king mother Ethereum, mostly these altcoins do have their fair share whenever the price of Bitcoin gets into a stable status. Also, Bitcoin dominance in the market likewise attract the pump and dump of the altcoins price

[Bitcoin_bullish]

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

You don't want to miss the train and hold some alts when Bitcoin is moving. Your alts won't just stay stable waiting, they will be destroyed. Most are a scam anyway and don't have anything innovative. Quite a few have some developers that made millions and are more relaxed, trying to build what they promised, but this doesn't mean the price of their coins will keep rising. If these coins are not used for a good reason then their price will have less demand and keep dropping.

[TheUltraElite]

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

No I dont think so and it would be better for your portfolio to sell them if a rise happens instead of holding them any more. Altcoins are a waste of time and space in any investors bag. You will never see an altcoin become second to bitcoin or take over the price to lead the market, despite whatever bullshit that project's owner might feed you as koolaid.

Bitcoin is seeing correction anyway right after it crossed 20k USD this month. However the overall trend is bullish and buying pressure is high. I dont think it will be stopping soon so its better to wait it for till it stops rising and then wait for the next bear trend to start. If you have bitcoin, sell some to build some gains which you can use to buy back at dips.

This is the time to be cautious when trading. Dont go all in/all out.

[bunglor]

most of us are expecting that to happen but up until now there's no rally that came from the altcoins as of now but i'm not sure if its just coincidence but i think there will be a rally once the bitcoin will crash.

[Noctis Connor]

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

It's just coincidence for me bitcoin is bitcoin and it has own market cap which people think that when bitcoin price volume increase they will follow to buy more altcoins which some loses happens when suddenly those alts drops it's price and also it is depends on bitcoin when they are new investors or exchanges of their fiat into crypto as you can see bitcoin already crossed the line into All time high, and some of altcoins are involved into scheme scam saying that it is like bitcoin but in the end people will regret for those action they even didn't have knowledge.

[ije07]

If Bitcoin falls again at this time, the rally that occurs will be very different than expected, because the decline in Bitcoin will always affect most of the Altcoins in the market, so they will also fall by an unexpected percentage.

not really, I mean the Altcoin increase doesn't always depend on the Bitcoin price increase and vice versa. but it can be said that the current Bitcoin increase has reached its Ath price all the time, after Bitcoin fell drastically in March but could return its value this month. for Altcoins I haven't seen a green sign. some altcoins are still significant at fixed prices such as Ethereum $ 600- $ 612.

[Psynthax]

Alts coins took major hit, hope you guys are playing safe and using stop loss. ALT DOMINANCE and possibility of seeing further drop in alts. It's my opinions.

Your opinion kinda true though. Most of alts gonna gets crushed if the big companies and investment firm keeps buying BTC at large amount which also means increases the price and market cap. By then people would just prefer to switch over bitcoin because it's more promising and more safe for investment compared to alts with significantly smaller market dominance and market capitalization. Alts could fail anytime meanwhile bitcoin is here to stay. Hopefully though, the market become balanced so both btc and alts don't crush each other.

[maldini]

Possibly it is the ideal opportunity for bitcoin to get a bullish pattern after bitcoin is in the bear pattern. It is beneficial for us since we can make more bitcoin from the altcoin in the event that we sell our altcoin in bitcoin pair altcoin. In spite of the fact that there are still situations where Bitcoin will be on the run and a great many people will sell their altcoins to be essential for the development inside Bitcoin, anyway this is seen significantly in other altcoins not among the top.

[Cryptoababe]

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

For me, according to history of what has happened in the past.. Altcoins will start break out when btc covers 70% of the market.
This is my own correlation or alts with btc