How Bitcoin Dominance Cycle ♻ Affects Altcoin Prices❓

[arzuo]

❓ When Bitcoin dominance increases in the market and the price of Bitcoin also increases, the price and dominance of altcoins usually decrease.

(This can be easily checked by ordinary traders like me)

For example:

BTCitcoin dominance 🚀 increase    ╋     BTCitcoin price 🚀 increase  ═══  Altcoin 💎 price decrease〽️

🔥This happens often, to my knowledge there has never been any exception.🔥

Therefore, I have also created a tool 🛠️ to Get quick idea about the altcoin market.
Where there are 7 options, by clicking on any one, you can see the altcoin price situation in the box on the right.

👉 Altcoin Market track

[Dunamisx]

Bitcoin dominance is mostly being felt on altcoin performance, this is not the first time this will be happening, being the leader in cryptocurrency, bitcoin has everything it takes to move the market and make it react towards the particular direction, and whenever bitcoin is falling, also create a serious implication on other coins to react in similar pattern and that is where we are seeing some of these performances with the altcoins this season.

[Johnlomape]

Bitcoin dominance is mostly being felt on altcoin performance, this is not the first time this will be happening, being the leader in cryptocurrency, bitcoin has everything it takes to move the market and make it react towards the particular direction, and whenever bitcoin is falling, also create a serious implication on other coins to react in similar pattern and that is where we are seeing some of these performances with the altcoins this season.

There is nothing people can do about the dominance Bitcoin have over altcoins. I think majority of the altcoins we have in the market can not move on their own without being influenced by the price of Bitcoin. Once the price of Bitcoin starts falling, almost all altcoins will find it difficult to resist the influence from the price of Bitcoin and all we often see is sharp fall which can be serious and severe that the extend the price of Bitcoin has reached. I don't know if this is the way the crypto market is programmed but that has been the way price has been moving.

[WatChe]

Bitcoin dominance is mostly being felt on altcoin performance, this is not the first time this will be happening, being the leader in cryptocurrency, bitcoin has everything it takes to move the market and make it react towards the particular direction, and whenever bitcoin is falling, also create a serious implication on other coins to react in similar pattern and that is where we are seeing some of these performances with the altcoins this season.

This is also one reason why people prefer to invest in Bitcoin only because price of alts goes up only in case price of Bitcoin goes up. Bitcoin is driving the crypto market and those who have spend years in crypto market knows this fact very well. Due to this reason dominance of Bitcoin will increase in days to come. This dominance of Bitcoin effects only top alts like Ethereum, BNB while rest of alts are risky and they have rear chance of going up because they don't go up once they are down. 

[jossiel]

There were times that when the dominance of bitcoin has so much and a lot, that even in altcoins dominance decreases but the price of those have also followed bitcoin's price.

Which means that the alts had pumped a lot as well.

But those where the few times when the market was in the bull run that it had become proportional to each other.

[o48o]

Oversimplified.

If there's a pattern, how would you know which alts to pick? If there's more money flowing to altcoins in different phases of bitcoin cycle, wouldn't it matter more to know what sized market caps are affected on which phases, or if there are different themes that are affecting to sales? Like RWA, piracy, scaling, new kind of protocols or names.

Because some of this money flow is temporary and some coins are not going to be a part of any big altcoin season.