Altcoins price pump influence bitcoin price Negatively ?

[admin]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

[Crypto Guard]

In my opinion, there is a close connection between Bitcoin and altcoins. Where if there is an increase in the price of Bitcoin, then the altcoins will also definitely experience an increase in price. And vice versa.

[Lukamaxin]

I didn't believe that if btc price pump then at the min time altcoins price low or high . All the cons price pump by individual regions and time .

[The Legend]

I have the impression that every-time bitcoin starts climbing steadily, the XRP pumps like crazy 100%+ within 24h, causing doubt in the entire market!
Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

Yes, I have noticed it twice. I think XRP and Stellar are most undervalued coin although both of them have the potential. But it can't be manipulate with bitcoin price. Bitcoin's 1D chart shows that bitcoin could not break $19.8k mark, which is its current supply zone ($19400-$19800). That's why bitcoin fall down to its support($15400-$15800) and currently accumulating around $17k.

[sampoerna]

It is probably. But, I so far think that Bitcoin price itself influence the altcoins. When the BTC is more stable and at that rate, the altcoins are pump. And then, I don't know it is likely BTC is forced to down and cause altcoins also down to earth again.

[flyaccount]

Indeed, I think Bitcoin really affects altcoins. I noticed that if the price of Bitcoin increases, the price of these altcoins will also increase. And this does seem to be related.

[sugarchrisp]

I think bitcoin just needs to hold its price for a while and we will see the rise of altcoins - this is inevitable, but now their price is pegged to bitcoin with a delay in growth and falls more than it in a fall!

[jakasantosa]

Many people say that bitcoin has an influence on the development of altcoins, especially regarding prices. There are several altcoins that experience an increase when the price of bitcoin increases, but not all altcoins are affected by the increase in the price of bitcoin, it can be seen in the crytpo market when the price of Bitcoin increases, the price of altcoins has decreased.

[pelana vreo]

If I look at the current xrp and ripple price increases, of course they are not affected by the Bitcoin price increase and this situation is almost the same as the DeFi coin, when Bitcoin price drops below $17k, YFI tokens are trading at $23k and that is a high price Given the low token supply, it seems like some altcoins have been able to stay out of the way Bitcoin price moves in the crypto market.

[Quantum X]

Are altcoins like stellar and xrp harming the bitcoin price by their manipulated pumps ?

Not at all. In my opinion, this is just natural reaction of all altcoins such these to automatically pump everytime bitcoin rises its price because of the equivalent dollars price.

[Papusha20]

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