How can all (or most) cryptocurrencies rise and fall at the same time?

[Ahli38]

The price of all the coins are highly related to the price of bitcoin and whenever the worth of bitcoin become low so directly the other coins also become in dip. If bitcoin price goes up so all the other coins also enhance and elevated in its worth. So whenever the price become low select any coin wisely for investment and do not  make trading or investment if the cost is highest on its peak.

The whole crypto coins in the market are said to be much dependent on the movement of bitcoin. Whatever the price condition of bitcoin, altcoins also follow. It is because bitcoin is the only crypto that drives the whole crypto market system, if it’s bullish then altcoins will also follow a bullish price, and if bitcoin experience it’s dip and drops it’s price suddenly, altcoins will also struggle and stay in a low value.

In fact, many trading analysts always make buy or sell decisions for the altcoins they hold by analyzing the movement of BTC first. because it is the movement of BTC that always determines which direction the movement of all coins will move. except for coins that do have a big event that will take place usually the price movement will not be affected much by bitcoin.

[1714615051]

1714615051

[1714615051]

1714615051

[tranthidung]

Not all cryptocurrencies rise or fall at the same time. Depends on a current trend, the number or rising ones would be higher than the number of falling ones and vice versa.

Let's see the image for Pathways to Alt season. It is taken from Secretsofcrypto

Bitcoin is a leader of cryptocurrency market with highest trading volume, oldest history and most dominating role.

A bull run or bear run of crypto market has to be triggered by Bitcoin. That is presented in the infographics as Bitcoin first, Ethereum later, top altcoins and low-capped, shit coins.

In aspect of capital flow, you can explain this flow too. Institutional investors, whales have to pick a coin that has enough high trading volume for them in order to easily enter and exit. Bitcoin is the best choice in this term and the second best one is Ethereum.

[Silberman]

The price and, ultimately, the charts on any given exchange are determined by the price of the most recent transaction. How can the prices of 100s of cryptos all move in the same direction at the same time?

As Bitcoin is the highest market capitalization among all the cryptocurrencies we have right now than most of them I believe are just following Bitcoin.
So for me, especially when I am doing trading I rather trade Bitcoin than trading other altcoins especially other high market capitalization altcoins which just correlate with the price of Bitcoin most of the time, so for me, it's just the same, volume on Bitcoin is higher.

It is because bitcoin’s price influences the whole crypto market. So if ever you trade with altcoins, there are high chances that you will fail in trading as bitcoin suddenly dump its price and affects most of the altcoins. That is why most of us would want to prioritize bitcoin trading not only because of its higher volume, but the amount of returns is obviously bigger than trading with altcoins.

Correct, bitcoin is so influential because of two factors, one of them is its huge volume compared to the rest of the coins we have in the market and the second is that bitcoin is actually used to make transactions and is not only a vehicle of speculation, if we really take a look we will see that most people are not really using their altcoins for anything other than speculation, so this amplifies the influence bitcoin has on them and makes their movements even more abrupt than what they should be.