This happens because Bitcoin sucks in volume from the entire cryptocurrency market as it continues to strengthen. This caused the alternative cryptocurrency (altcoin) market to continue to slump, leading to increased selling pressure and low buyer demand.
- We simply need to understand that bitcoin is the largest shareholder in the market, each increase will increase a lot and need a lot of capitalization to support, and the general situation right now is that bitcoin is a valuable asset, better holding it, the flow of people taking turns selling altcoins to accumulate more bitcoin is what will come. Everyone's demand is towards bitcoin, altcoins are not really needed at this stage and will decrease but this price shock does not last long, just a while, Bitcoin will help altcoin go up when it lacks capital
