Hello everybody, first time here.
I wasn't sure where to post this, please feel free to move it if I messed up.
Thing is, I'm yet to start my investment (maybe in the next few days). I've just finished a course by Chris Haroun on the subject.
So I've been keeping an eye on the prices of Bitcoin, Ethereum and Binance Coin for the past few days. As you all know, all three coins took a dive yesterday. What I just noticed is that all three fell about the same time (around 4 A.M. yesterday), and recovered also about the same time (24 hs. later, about 4 A.M. today).
Did anything happen, that would cause such a synchronized dip and recovery?
Thanks in advance.
Everything is a little simpler than many people think
The crypto market was "founded" by that very bitcoin. And for a long time, the entire alternative crypto market was "considered" and continues to be considered in terms of values expressed in satoshi. No, I’ll say right away - there are crypts pegged to the dollar, for example, the same stablecoins, and as you noticed, they don’t fall .. But they don’t grow to Bitcoin either. But the cost of all the rest, in fact, is 100% "tied" to the indicators of bitcoin. Therefore, when Bitcoin falls, other, alternative cryptocurrencies also fall automatically. There are no riddles here, everything is quite logical and understandable
