BTC is effecting Market?

[yawars20]

The rise in the price of BTC (Bitcoin) has certainly had an effect on the market. With its increasing value, there has been a surge of interest and investment in this digital currency. This has led to a ripple effect on other cryptocurrencies as well, driving up their prices as people seek alternatives to Bitcoin.

Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.

So guys what are your thoughts about current situation.

[1715244153]

1715244153

[1715244153]

1715244153

[yawars20]

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[cryptoaddictchie]

Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop..

Well sometimes it is also related but the cryptomarket ecersince has no tally on other field. Its isolated and not tied to any of the stock market but we can always see some conincidence that stocks also go up when this one increases too. People or investors om those also can be the same people for bitcoin.

[jrrsparkles]

So guys what are your thoughts about current situation.

That is what happens every time when we see the price in the bitcoin price, but to me, the effect is not completely reflected over every cycle. In the previous cycle if Bitcoin jumps 30% then most altcoins will surge 30% in average but now its not even 10% but random coins jumps 100% in 24 hours and in the next few days it will bleeds out which means the altcoins are only used by bump and dump investors and not for any real use cases.

[tsaroz]

The rise in the price of BTC (Bitcoin) has certainly had an effect on the market. With its increasing value, there has been a surge of interest and investment in this digital currency. This has led to a ripple effect on other cryptocurrencies as well, driving up their prices as people seek alternatives to Bitcoin.

Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.

So guys what are your thoughts about current situation.

Crypto market has always been stirred by the price of bitcoin. Some years ago, bitcoin was the only trading pair for any currencies for the exchanges. Now, USD is more popular but the emotions and trends are still lead by bitcoin. The upcoming bitcoin halving has been one of the reason for the current bull and there ought to be some correction exactly after that. But on a long term there have been ultimate bulls that made bitcoin and most of altcoins hit their all time high.

[mindrust]

What are you talking abawt? Does BTC affect the market? BTC is THE MARKET. Have you checked the BTC dominance lately? It is 54%. 54% is no joke in a market where everybody create their own crypto every day. So when you ask if btc is affecting the markets, the answer is very obvious. It is always about btc. The other coins are only guests in this game. BTC is the main star. This might change if one day btc dies but i don't think that's happening any time soon.

[kentrolla]

This has been the case since the very beginning and Bitcoin is the market maker as it drives the price of other altcoins as well when it's on rally and when Bitcoin starts dumping entire market goes through Bloodbath, but It's only Bitcoin which recovers back hence it's proved that Bitcoin is the only real deal when it comes to crypto.

But in my honest opinion I couldn't draw a correlation between Bitcoin and stock market as these are two different aspect and I feel more money will be flowing to Bitcoin from stock market when it's rallying and vice versa as people would be trying other options like stock market, real estate when bitcoin is declining. It's only whales who will be investing into bitcoin by shelfing off their investments from other sectors.

[Samurai trieng]

I think it is very clear that BTC really influences the crypto market, because BTC is the forerunner to the formation of the crypto market, where it is very clear that if BTC seems to be going down then other coins will also decrease, and vice versa if BTC is increasing then gradually other coins it will also follow BTC movements.

[cute nmp]

Bitcoin surely has a very good influence in the cryptocurrency space ,its recent rise can help drive in more investment from various sectors . Just cant understand what type of bullrun we are really having for now though the price of Btc has risen significantly ,most altcoins are yet to make the move this time which makes me question whether BTC still has the same effect it has in the crypto-market like it has a very years ago.

[Husires]

The rise in the price of Bitcoin has a positive impact on the entire cryptocurrency market, but the rise was not something crazy. We were already at the levels of 44,000 several months ago and we have returned to the same levels again. The amazing rise will be after 70 thousand dollars reaching 200,000 and then it may Bitcoin's market capitalization exceeds Apple as the company with the highest assets.

[btc78]

now that bitcoin is seeming to enter bullish market, we can expect altcoins to rise in price too since investors are most likely happy with the results they’re getting from bitcoin they might bring this to altcoins as well and buy some

if you have altcoins, you might expect good incline with some altcoins in the following months

[Tipstar]

What are you talking abawt? Does BTC affect the market? BTC is THE MARKET. Have you checked the BTC dominance lately? It is 54%. 54% is no joke in a market where everybody create their own crypto every day. So when you ask if btc is affecting the markets, the answer is very obvious. It is always about btc. The other coins are only guests in this game. BTC is the main star. This might change if one day btc dies but i don't think that's happening any time soon.

Yes. BTC makes up more than 50% of market much larger than tens of thousands of other coins combined. And BTC would require to move in order to have an overall trend on the market.
There were and are alts that are increasing or decreasing due to their own reasons but when bitcoin moves every of the alts follow. Up or down.
It's been predicted that the bitcoin would lose it's market cap superiority for years now but they be holding.

[Sunderland]

The rise in the price of BTC (Bitcoin) has certainly had an effect on the market. With its increasing value, there has been a surge of interest and investment in this digital currency. This has led to a ripple effect on other cryptocurrencies as well, driving up their prices as people seek alternatives to Bitcoin.

Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.

So guys what are your thoughts about current situation.

That is wrong, the stock market dive back in 2018 was not happening because of BTC.

Here is the link to read what happen with the stock market at that time https://www.usatoday.com/story/money/2018/10/10/why-stock-market-went-down-so-much/1593803002/
And here is the link to read what happen with Crypto back in 2018 https://en.wikipedia.org/wiki/Cryptocurrency_bubble

[bastian466]

That's why I always use Bitcoin movements as a benchmark because if BTC experiences an upward trend then we have to look for altcoins that follow BTC movements to seek profits by taking advantage of the market situation and that has proven to be quite successful. However, this must be based on research first because not all altcoins follow an upward trend, sometimes some do not move at all

[batang_bitcoin]

BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.

They were the altcoins that were affected when bitcoin dropped and went through a bear market. But can you see what happened in 2022/last year? It was a different bear market that we're expecting.

So guys what are your thoughts about current situation.

BTC is always been, always be and will always be affecting the entire crypto market. It won't be called as the king of this market if it has no meaning at all.

[goaldigger]

Bitcoin is very dominant in crypto market but there's no proof in relation to the stock market and as far as I can see, our stock market are still down despite of the rise in Bitcoin price. We might see some changes due to the surge of investors as they rush to buy Bitcoin and follow the trend. We know that many are still bullish with Bitcoin and they are expecting a higher price before the year end, so maybe some investors are selling their stocks just to buy Bitcoin.

[Bitstar_coin]

This is no longer news, everyone in the crypto space knows btc is the driving force of the market, once it start to increase alts also benefits.
See how many alts are pumping none stop. Take Tia for example, since launched the token has been going steadily up with very little correction.  
Don't forget also the market is slowly moving out of the bear period and to the bull season, it is likely from now on it will be more uptrend than downtrend. Hopefully the fun is about to begin.

[Wexnident]

The rise in the price of BTC (Bitcoin) has certainly had an effect on the market. With its increasing value, there has been a surge of interest and investment in this digital currency. This has led to a ripple effect on other cryptocurrencies as well, driving up their prices as people seek alternatives to Bitcoin.

Furthermore, due to its global reach and impact, fluctuations in the price of BTC can also have an influence on traditional financial markets. For example, when BTC experienced a sharp decline in 2018, it also caused stock markets around the world to drop.

So guys what are your thoughts about current situation.

I mean, it's something that has happened more than once already I don't think there's much to think about it anymore? I wouldn't necessarily make it a guarantee that when Bitcoin goes up everything goes up, that's just a ticket to losing money but it is expected that the general trend for most coins will go up. The scale may differ though depending on the development of the project still and who knows, some coins might just drop it's price simply because of how bad it is. It's still dependent on the quality of the project behind the coin itself before it can even get swept by Bitcoin going up.

[GreatArkansas]

For the short term, I believe not yet, look at the market right now, Bitcoin is owning, pumping hard but altcoins? Not at all, they even dump at the current price of Bitcoin.
But for me, in long term especially if Bitcoin price will take a rest and do sideways, I am hoping altcoins will also do their own moves.

[pakhitheboss]

There are a few altcoins that are pumping with the Bitcoin pump which means that the whole market is still not affected by this pump. Bitcoin has always been the driving force that keeps the market in green when it is in green and vice versa. As it approached halving which is scheduled to happen next year the market would go into red as it has been doing every time. Things can be different this time with Bitcoin ETFs and Ethereum ETF, we cannot be certain whether they will get approved. But, if they get then we might see more green and big pumps happening before the halving.