Most Large-Cap Alts Lose Value Against BTC.

[MiF]

Altcoins stall against btc, Most altcoins followed btc  BTC’s performance lately, if btc is bullish altcoins will also bullish, but the situation has changed in the past 24 hours. Most of the top altcoins dropped while btc is up.

Cardano, Ripple, Solana, Polkadot, Binance Coin, Litecoin, Terra, and Algorand have also lost chunks of value against the largest cryptocurrency. I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

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[gwdf1]

Altcoins stall against btc, Most altcoins followed btc  BTC’s performance lately, if btc is bullish altcoins will also bullish, but the situation has changed in the past 24 hours. Most of the top altcoins dropped while btc is up.

Cardano, Ripple, Solana, Polkadot, Binance Coin, Litecoin, Terra, and Algorand have also lost chunks of value against the largest cryptocurrency. I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

As for me it can be a sign of a new bear market. Because, as we all know, people are used to getting rid of altcoins first that is why they fall faster and more significantly. Anyway we should follow Bitcoin as it is a real indicator of the whole crypto market, but the drop of altcoins is an indicator for me that people are preparing for a bear market.

[cryptoaddictchie]

Cardano, Ripple, Solana, Polkadot, Binance Coin, Litecoin, Terra, and Algorand have also lost chunks of value against the largest cryptocurrency. I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

This only means thats there is change on the current set up. Me also, I believe before that if the market had crash due to btc every alts will follow and its the same goes when its bullish but its not. We can see that there is a constant down trend on some alts and some also bullish. I hate it, when everyone is shouting alts is mooning while the reverse is occuring. I guess bitcoin is really a different case for the market. But what is worse is when bitcoin go down, the altcoin crash that badly.

[poodle63]

Altcoins stall against btc, Most altcoins followed btc  BTC’s performance lately, if btc is bullish altcoins will also bullish, but the situation has changed in the past 24 hours. Most of the top altcoins dropped while btc is up.

It's just a common thing, a few weeks ago almost all of top altcoins were so bullish but bitcoin still remain stagnant. This is as a retrace by bitcoin as bitcoin is slowly going up again. This makes people are speculating to the bitcoin and they were selling their top coins to be moved into the bitcoin to prepare another big bullish trend that will come soon.

I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

You're right. This is just a short term impact. So many times major tokens will always lost its value but after bitcoin has done with its pump and then bitcoiners will be moving to the altcoin.
I have been watching the trend so many times.

[TheUltraElite]

Altcoins stall against btc, Most altcoins followed btc  BTC’s performance lately, if btc is bullish altcoins will also bullish, but the situation has changed in the past 24 hours. Most of the top altcoins dropped while btc is up.

I have been watching them for a long time now and what I conclude is that there is no direct relation between the change in bitcoin price vs change in altcoin price, at least that can be mathematically proven. What I have found is anecdotal and that includes the rise of altcoins secondary to rise of bitcoin and altcoins bleeding out once bitcoin become stagnant. Again they drop rather quickly when bitcoin becomes bearish.

So I would consider the current price change as part of one of these patterns. Give it some time and the proper change might become clear. But dont use this to trade.

I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

This is a speculative market, any movement here is temporary. But if you looking for points to buy altcoins, then be ready for the large swings in price too. Eventually you will also realize that putting money in bitcoin is far safer than any altcoin.

[Jaered]

It's called bitcoin-altcoin decoupling. And it is not the first time it has happened. It occurred around 2019 and the magnitude was so high that the bitcoin dominance was quite high then, up to 65% or so(may be a little lower). But I don't think the dominance would pump very high now due to many altcoins have accumulated some traction. For example, Grayscale added Ethereum to its portfolio. And recently Solana

[passwordnow]

Altcoins stall against btc, Most altcoins followed btc  BTC’s performance lately, if btc is bullish altcoins will also bullish, but the situation has changed in the past 24 hours. Most of the top altcoins dropped while btc is up.

Cardano, Ripple, Solana, Polkadot, Binance Coin, Litecoin, Terra, and Algorand have also lost chunks of value against the largest cryptocurrency.

It always changes that whenever we see the price of bitcoin goes up, not all altcoins are dropping. There are also those altcoins that have a significant pump.

I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

It is. Because not every time you see the market for alts drop, they'll stay there forever, just no. And if it's not for bitcoin, they won't also be pumping.

[Jackl87]

Altcoins stall against btc, Most altcoins followed btc  BTC’s performance lately, if btc is bullish altcoins will also bullish, but the situation has changed in the past 24 hours. Most of the top altcoins dropped while btc is up.

Cardano, Ripple, Solana, Polkadot, Binance Coin, Litecoin, Terra, and Algorand have also lost chunks of value against the largest cryptocurrency. I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

Usually the market always moves in specific patterns or cycles at least that is how it was in the last years. First BTC starts to climb for a certain amount of time, will all other coins stay stable or even going down a little. After the BTC climbing phase is over the bigger altcoins begin to surge, like Ethereum, Solana, Cosmos, Polkadot, Cardano big projects like that. This phase can also last a few weeks to months then usually the small cap altcoins are also beginning to rise. I am not sure if will be like in the past years where literally every shitcoin went up once we the altcoin bull began or if people are a little bit more picky already.

[masterrex]

Altcoins stall against btc, Most altcoins followed btc  BTC’s performance lately, if btc is bullish altcoins will also bullish, but the situation has changed in the past 24 hours. Most of the top altcoins dropped while btc is up.

Cardano, Ripple, Solana, Polkadot, Binance Coin, Litecoin, Terra, and Algorand have also lost chunks of value against the largest cryptocurrency. I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

I think that's not happened always, Bitcoin price might be a good indicator if the crypto market is bullish or bearish, but it was very different when it comes to altcoins maybe there are some reasons why the altcoin's prices are dropping fast like FUD and many other things that affecting the cryptocurrency market. 

[ethereumhunter]

Altcoins stall against btc, Most altcoins followed btc  BTC’s performance lately, if btc is bullish altcoins will also bullish, but the situation has changed in the past 24 hours. Most of the top altcoins dropped while btc is up.

Cardano, Ripple, Solana, Polkadot, Binance Coin, Litecoin, Terra, and Algorand have also lost chunks of value against the largest cryptocurrency. I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

Yes, it is just temporary because bitcoin needs to increase first and get a stable price for a while and then the altcoin will follow to increase. I still calm down, waiting for the altcoin turn to increase and if the altcoin price is still down, maybe I will buy some coins that I think will give me profit. The crypto market is still unpredicted and bitcoin has the same situation and it is not increasing more than the price now. Maybe calm down for a while is the best thing that we can do.

[mafoja1]

I think as the price of Bitcoin goes up the price of all coins goes up a lot and when the price of Bitcoin goes down the price of all coins goes down. Bitcoin is involved in the market fluctuations of all coins.

[AwoCorporation]

The decline that occurs in my opinion will be a sign that there will be an increase in price, usually people will reduce some of their altcoin assets to temporarily focus on rising BTC, after they get enough profit from BTC, they will start a new altcoin trend and that makes altcoins go back up . This condition always occurs and may be used as a reference to predict the market rate.

[makishart]

I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

Shiba has been giving a signal if the bullish trend may start soon. This token can be considered as a point to determine whether we will enter crypto euphoria or not. Bitcoin has been starting to grow but it's not so big as predicted by people. I do believe altcoin's rally will start soon. Im seeing that if whole of my portfolios were also increasing a lot. That means if the bullish trend has been happening. Just look at the top gainers on the CMC. So many shitcoins were even getting very big increase at the same time. that proves that if the whales were spreading to the various assets to pump it. Dog tokens were getting crazy increase. The drop was just temporary and it will not longer than a month.

[MusaMohamed]

Altcoins stall against btc, Most altcoins followed btc  BTC’s performance lately, if btc is bullish altcoins will also bullish, but the situation has changed in the past 24 hours. Most of the top altcoins dropped while btc is up.

Because the capital is flowing into Bitcoin and altcoins are suffering shock of values in BTC pairs when Bitcoin starts to rise.

When Bitcoin rise stops, and better goes with sideway time, altcoins will have their parabola runs. It is the capital flow on the market. After whales pump Bitcoin to strong resistance, price and dominnace, they will stop the pump of Bitcoin and switch to altcoins.

[mu_enrico]

If we look at the BTC dominance chart https://coinmarketcap.com/charts/
It's the other way around from early 2021, BTC continues to lose its dominance. From 5 minutes of looking at that chart, I think BTC will regain its dominance in the bear market, and will lose it in the bull market.

[MusaMohamed]

If we look at the BTC dominance chart https://coinmarketcap.com/charts/
It's the other way around from early 2021, BTC continues to lose its dominance. From 5 minutes of looking at that chart, I think BTC will regain its dominance in the bear market, and will lose it in the bull market.

Bitcoin will give altcoins time to rally from their bottoms. The last thing you collect for your wallet is Bitcoin because Bitcoin will be pumped for whales to take profit. It is easier for them to take profit in Bitcoin than in altcoins. Altcoins are only where whales use to invest, increase their Bitcoin amount and take profit from altcoins to Bitcoin.

The last step whales will do is pump Bitcoin to take profit from Bitcoin to fiat.

[rugrats]

People are used to getting rid of altcoins first, that's why they drop faster and more significantly. Anyway, we should keep an eye on Bitcoin as it is a true indicator of the entire crypto market. what we see is that when BTC decreases every atlcoin decreases with the value of BTC and when BTC increases it will increase this confirms that BTC is always an important currency and it determines most of the money. out of all altcoins.

[Vaculin]

Cardano, Ripple, Solana, Polkadot, Binance Coin, Litecoin, Terra, and Algorand have also lost chunks of value against the largest cryptocurrency. I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

But the truth is that there is nothing to expect from them if they don't take action and decrease their total capacity available in the market. They will continue to keep that price range even the bullish has come or even it getting worse during the bear season. Investors can buy them in huge numbers but the returns are so small which for me it was not an ideal choice for investment. I don't make dream for these coins as it is likely they will stay where they are today, not really becoming hopeless but the chance is very slim.

[slaman29]

Not a big surprise at all actually. So much value was flowing out to alts because of the hype but now the squeeze is suddenly real. Exchanges have never had so little Bitcoin and everyone is buying it especially now US govt says no plans to ban it. Now alts are being sold right back to BTC!

[josephdd1]

Altcoins stall against btc, Most altcoins followed btc  BTC’s performance lately, if btc is bullish altcoins will also bullish, but the situation has changed in the past 24 hours. Most of the top altcoins dropped while btc is up.

Cardano, Ripple, Solana, Polkadot, Binance Coin, Litecoin, Terra, and Algorand have also lost chunks of value against the largest cryptocurrency. I think this dropping of altcoin price is temporary and soon it will followed btc what are your insights or thoughts about this?

I have read the news and I got to know something positive about bitcoin which raised the price. First of all, Bitcoin has a chance to become the second national currency for Brazil.

What is more, Gensler (the head of SEC) made it clear that the SEC will not ban cryptocurrencies, that such a ban is the prerogative of Congress. The answer of the head coincides with the answer of the head of the Fed to a similar question "green light for the development of cryptography".