What is just happened on the Bitcoin Market?

[cryptoknightt]

I think Bitcoin will be affected by the news, while altcoins will be more seriously affected. The thing to pay attention to is that when Bitcoin experiences problems, altcoins will experience more problems.
So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.

[CODE200]

Until now, the Bitcoin ETF issue is still the main factor, Bitcoin being very aggressive, one day it can fall up to 8%, then the next day it has risen again.
This can make people panic a bit.

We're just overly reactive about what's happening to bitcoin, the current movement of the price happens all the time but at smaller amounts so we don't care about that too much for a good reason and that is because bitcoin has always been volatile and it's only only continue to be like that until the end of time, it's nothing to be scared about because that would mean that bitcoin is doing fine and that it's going to go up in prices like it used to so to the people that's still panicking, don't do it and just stay put, distract yourself with things that's going to help you improve yourself and distract you from constantly changing bitcoin price.

[lepbagong]

I think Bitcoin will be affected by the news, while altcoins will be more seriously affected. The thing to pay attention to is that when Bitcoin experiences problems, altcoins will experience more problems.
So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.

Bitcoin will certainly always be influenced by news that appears in all media, especially social media, if there is news that is directly connected to developments in banking and the world economy. Likewise with the news about ETF, of course, but now ETFs have been approved and have had a positive impact on Bitcoin. Apart from the ETF itself, in just a few days it has earned so much Bitcoin, and this will continue; of course, it will have a good impact.I think you are right. If there is news that affects Bitcoin, it is certain that altcoins will also be affected, even more so than Bitcoin itself.It is indeed an unwritten but real law in crypto that Bitcoin is the king of crypto and will always make a good or bad contribution to other coins.

[CageMabok]

I think Bitcoin will be affected by the news, while altcoins will be more seriously affected. The thing to pay attention to is that when Bitcoin experiences problems, altcoins will experience more problems.
So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.

I think that's not the only reason that many people should look at it because over time a Bitcoin ETF has also been approved and the effect on Bitcoin itself has also been quite obvious to date. You can see how the price increases and corrections that arise in Bitcoin at this time are quite clear evidence that Bitcoin is always easier to get improvements in the market. Meanwhile, altcoins are just assets that follow market trends and flows, which basically don't need to be relied on as much as most people who rely on Bitcoin completely.

[ShowOff]

I think Bitcoin will be affected by the news, while altcoins will be more seriously affected. The thing to pay attention to is that when Bitcoin experiences problems, altcoins will experience more problems.
So our eyes must always pay attention to the market.
of course the news of Bitcoin ETF's rejection was the main cause.

I think that's not the only reason that many people should look at it because over time a Bitcoin ETF has also been approved and the effect on Bitcoin itself has also been quite obvious to date. You can see how the price increases and corrections that arise in Bitcoin at this time are quite clear evidence that Bitcoin is always easier to get improvements in the market. Meanwhile, altcoins are just assets that follow market trends and flows, which basically don't need to be relied on as much as most people who rely on Bitcoin completely.

I understand your point and am not surprised why altcoin tend to be affected by bitcoin price changes. Bullish Bitcoin indicates the market will be bullish, followed by the altcoin market and vice versa. Bitcoin ETFs can obviously influence the market, money flowing in and out will have an impact on bitcoin's market capitalization. You can get facts based on data, this is something that has a correlation.

By the way, bitcoin is testing the $52k resistance again after a correction a few hours ago. The $51k support seems safe until today's market close, but I'm not really sure $52k will be held until the change of date.

[Yamifoud]

I don't think we have to keep wondering every day what is happening in the market because whether we like it or not, it has been behaving this way since before. We experienced an uptrend today and in the next couple of days, it possibly be a downtrend as well.

We just think about the volatility of the market and make ourselves aware of the situation that Bitcoin is so popular now that the government hates it. We are not just talking about the SEC but so many factors affecting the price of Bitcoin. However, Bitcoin had already established strong support for the community which keeps the price high. Yes, it dumps but it recovers.

[$weetne$$]

I think that's not the only reason that many people should look at it because over time a Bitcoin ETF has also been approved and the effect on Bitcoin itself has also been quite obvious to date. You can see how the price increases and corrections that arise in Bitcoin at this time are quite clear evidence that Bitcoin is always easier to get improvements in the market. Meanwhile, altcoins are just assets that follow market trends and flows, which basically don't need to be relied on as much as most people who rely on Bitcoin completely.

When Bitcoin ETF got approved it didn't affect the price of Bitcoin instantly but the price was falling and it was because many people have already bought ahead of the news of the event then they started taking profits after the news got announced which cause the price of Bitcoin to fall but the price of Bitcoin after some days has been rising to the price of more than $50,000. News has impact on the market because the market is a very speculative market filled with alot of amateurs that don't understand market but are only making decisions based on what the news is saying. When there's a bearish news they react in a bearish way and if Bitcoin is bearish, the whole market gets bearish and this is how Bitcoin affects altcoins.

[Zanab247]

Another new price just surface now in the market that is making hodlers to believe that this year will be full of bull run because, the price has hit $53k and the green light is still displaying which it can cause the bull run to reach $60k which is many hodlers target before they can sell.

 Based on the information I gathered this morning from the BTC experts, show that the price of BTC will reach $100k before the end of this year and, we have seen what is happening in this month of february which is the evidence of what will happen in the future.