Is Altcoins Follow BTC Rally?

[Kopetunto]

BTC Rally is followed directly by eth. Even if you don't move the price of other altcoin, eth will move. There is a specific price difference between Bitcoin and ETH. If the price of Bitcoin increases more and the price of Eth decreases, then it will be equal between the specified period.

If the price of Ethereum has decreased but Bitcoin has increased, then the price of Ethereum has decreased for only a moment. Going back up in my opinion. but if Bitcoin goes down a lot then everything will return to its old price.

Indeed, if the price of bitcoin has decreased, of course, it will affect the price of other coins and to be able to go up again is of course quite difficult and takes a long time,
I hope the price of bitcoin can continue to rise because that will make other coins follow the trend of bitcoin

[OasisDre]

Altcoins are showing the bullish sign but still not good enough, even few altcoins that have low market cap are benefiting already from the bitcoin pump, if you know what's good for you Its definitely the right time to consider few altcoins just in case, I'm sure that once bitcoin is done altcoin count down to bullish momentum will begin

[Kong Hey Pakboy]

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

Altcoins really do follow bitcoin's price movement that when the price goes ups, most altcoins prices go up as well and vise versa. It is the reason why most investors are not only happy with bitcoin's price today that they are also earning a considerable amount of profit with their altcoins because their prices are stable and growing.

[Rimon365]

Bitcoin is the king of crypto. If bitcoin will pump not only altcoin the whole market are pump and same to dump. In my opinion altcoins not follow bitcoin but the price are up or down for bitcoin.

[JahriMeayer]

Direction may differ from one currency to another. We can't say when bitcoin & altcoins both will up or down or go opposite.but if bitcoin take a big move, then altcoins also take moves but the fact is, some of those follow the bitcoin rally, some of those remain stake & rest of others dump.but i exprianced that, most of altcoins always dump, no matter bitcoin goes up or down.at this moment same thing is happening which is complex situation for us

[nykka]

Always correlation was direct and alts grew with the main cryptocurrency, but some time ago situation changed and despite on BTC now is 70% of the market, another coins have own movements and bitcoin influence is lower than before. Of course it`s still big and market direction is definited by Bitcoin direction, but alts became more independent

[Tstar]

Most of the old and so-called stable altcoins like Ether, Litecoin, etc. are following Bitcoin but slower.

Bitcoin has many ATH this month while none of the big alts is even close to ATH. I expect this situation to continue.

[Kelvinid]

Most of the old and so-called stable altcoins like Ether, Litecoin, etc. are following Bitcoin but slower.

Bitcoin has many ATH this month while none of the big alts is even close to ATH. I expect this situation to continue.

I'm expecting as well that altcoins can still be slow and hard to reach their ATH until Bitcoin still at high. I have to say that 2020 is not the year for altcoin but for Bitcoin (alone).

If we track the market changes, altcoins didn't have such massive growth since Bitcoin is on the rally. In fact, they keep on the red color and that only it changes at the 4th quarter (maybe) turning to green but many of them still a living dead.

[Inspiron14]

for now it's still difficult for altcoin to follow the bitcoin trend, only top altcoins such as Ethereum, Litecoin and Bitcoin Cash,
which have a high market cap can join this bullish trend, I hope the dominance drops below 50%, and altcoins will fly

[Janation]

for now it's still difficult for altcoin to follow the bitcoin trend, only top altcoins such as Ethereum, Litecoin and Bitcoin Cash,
which have a high market cap can join this bullish trend, I hope the dominance drops below 50%, and altcoins will fly

I think they will.

Give it some time and for sure altcoins will follow the trend. There are some altcoins that are currently following the trend but they can't maintain that strong increasing movement unlike other altcoins like you've said. We can't help but just be amazed at how strong bitcoin is right now, we don't know when altcoins will follow but I'll stick with bitcoin for now.

[Marble777]

not all cryptoqurrencies follow the Bitcoin Rally. but there are some altcoins that move quite significantly following the trends of rising bitcoin prices, such as ETh, LTC, BNB and several other top cryptos. but this is not over yet, I believe that Altsesaon altcoin can happen very soon.

[Benefactor]

Despite 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. I recollect it effectively, the altcoins that siphon are in the best ten and like each week controllers will pick what mint piece to siphon and afterward blast you will see a gigantic spike.

[LostConfidence243]

Bitcoin is the mother of cryptocurrencies. Bitcoin is the brand ambassador of all cryptos. Yes, Most of the altos are followed the bitcoin rally as like the team leader but not all the altos. As bitcoin place a huge effect on the market so that altos are focusing on bitcoin's footprint to increase their market value.

[tanglong]

Of course, Bitcoin has always kept Altcoins following it in price, and it contributes to an ongoing altcoins season with the crypto market.

[Tahid12]

Not at all. Altcoin market is dumping now. Only altcoin who belong to top, are raising but unexpectedly. They isn't pump accroding to they deserve.i wonder when i see some good altcoin getting below without any reason but they fail to pump during btc pump.i guess maybe they sold their altcoin for buy eth and btc, to earn more money from crypto.but i expect, soon altcoin market will be at correction level and start raising soon

[cryptolord2077]

Not at all. Altcoin market is dumping now. Only altcoin who belong to top, are raising but unexpectedly. They isn't pump accroding to they deserve.i wonder when i see some good altcoin getting below without any reason but they fail to pump during btc pump.i guess maybe they sold their altcoin for buy eth and btc, to earn more money from crypto.but i expect, soon altcoin market will be at correction level and start raising soon

All. If Bitcoin suddenly decides to walk 20k, I assure you, not a single indifferent coin will remain.
There are coins that are more or less able to withstand small and medium dumps of the bitcoin price, but large drawdowns affect everyone. Except for stablecoins, of course.

[AssociatesBumble579]

Bitcoin is dominating the coin market cap and the whole market will follow BTC. Most of the coins are priced in BTC so it is obvious that when Bitcoin starts booming all the other altcoins will pump. BTC is representing all the cryptos and if BTC stays at this level I believe all the cryptocurrencies will increase.

[Alohadanc3]

I think so. And I think it's already following. Every time when we saw a big move from bitcoin after that move when bitcoin is kind of stable we then saw alts to move. But alts move very fast either way up and down. So if you are not an expert don't want to catch that move. If btc price go high normally most of the alts start to pump a but you can take that profits. But some of them go 2x-3x in 2-3 days and then suddenly come to bottom. So be careful from this type of moves.

[Mehedi72]

We can see, only some of top altcoin was trying to follow the btc rally during its $30k to $40k journey but except those, no other altcoin is following the rally.even there are some old coin in my wallet, are dying due to lack of investment.because people are selling their altcoin & invest on bitcoin for more and more profit.that's why middle ranked altcoins are dying and they failed to reach the ath when bitcoin pump 2x of its 2017 ath

[TheUltraElite]

We can see, only some of top altcoin was trying to follow the btc rally during its $30k to $40k journey but except those, no other altcoin is following the rally.even there are some old coin in my wallet, are dying due to lack of investment.because people are selling their altcoin & invest on bitcoin for more and more profit.that's why middle ranked altcoins are dying and they failed to reach the ath when bitcoin pump 2x of its 2017 ath

I know many investors who are suffering from holding old altcoins that have been laying down in the dumps like anything. The best way to get out of them is to sell at whatever value possible and then forget about them. You might be at a loss, but it is better to move on and accept the loss than keep holding them. Bitcoin has shown its resilience over time and this does not need more evidence - altcoins are shit when compared with the price metrics of bitcoin even when reaching maintaining price.

I would suggest you to move away from altcoins other than the top 10 altcoins. Then go with bitcoin for the long term.