Why is bitcoin price raising and Altcoin droping

[tonymillions84]

Many people believed that the entire cryptocurrency price depends on bitcoin. most days , we notice that as bitcoin price raise, so those altcoins. recently, we discovered a different scenario. what could possibly be the cause Guys?

[gurunanakji777]

Generally altcoins rises when Btc remain stable. Its not a different scenario its a common thing when btc rises altcoins drops. Obviously demand of Bitcoin is getting increased that's the reason bitcoin is rising now even we will see soon retracement in Btc.

[Pegasus]

Normally, altcoin's price is determined based on bitcoin's. When bitcoin rises, altcoin/bitcoin pairs decrease while the price of an altcoin/usdt remains the same. Alts need some time under the condition that bitcoin sideways to regain its value/bitcoin.

[Rituvohra01]

I think it only depend on the demand and supply of that coin. If the demand increases the price raised otherwise dropped.

[dragononcrypto]

Generally altcoins rises when Btc remain stable. Its not a different scenario its a common thing when btc rises altcoins drops. Obviously demand of Bitcoin is getting increased that's the reason bitcoin is rising now even we will see soon retracement in Btc.

Another way to look at it is that people are selling their altcoin profits for Bitcoin (those who trade BTC pairs) who pushes the price up, as many altcoins went up 2-3x in the past months. This also explains why the USD values are still relatively stable overall, but the Satoshi values have dropped dramatically.

[masterrex]

Many people believed that the entire cryptocurrency price depends on bitcoin. most days , we notice that as bitcoin price raise, so those altcoins. recently, we discovered a different scenario. what could possibly be the cause Guys?

Its simple Bitcoin has more demand than Altcoins, its just the normal results of supply and demand that dictate the price to drop or to be skyrocketed since BTC demand was on the rise thats why the price was also on the rise.

[vegasus]

When the Bitcoin price rises, the price of altcoins will also rise. But it is indeed uncertain. Currently, some coins tend to fall and stagnate when the price of Bitcoin crawls up significantly. Are investors today more interested only in BTC? Or does the trust of investors to altcoins begin to decline? So they tend to prefer to get coins that are certain?

[diygirl]

At present, it is clear how when Bitcoin prices increase and altcoins are just the opposite. One reason might be because investors are now more interested in investing or trading on BTC. So altcoins tend to have fewer graphs to go up or down.

[corr]

I've been in this market for a long time, so for me it's not new. the story is repeated every time. as soon as btc grows heavily or falls heavily all alctoins lose in price to btc.a as the price of btc stabilizes and goes so called flat altcoins the price starts to rise. Some write down a drop at the height of btc on what people are pouring money out of altcoins seeing that btc is growing. Somebody writes it on a game of whales that this they are pulling out money from altcoins to a pump btc

[trauchot]

There are various situations and usually when bitcoin grows, at the same time altcoins grow, there are of course exceptions and sometimes it happens that only bitcoin grows, and the rest altcoins are standing on the one place, it's all manipulators and big players do.

[zendicator]

The time when bitcoin pumps, then the altcoin pumps was on 2017. Today we saw a different one and I believe this is our good change to buy some cheap altcoins we want and we can wait for the altcoin season to come. Im pretty sure that sooner or later the altcoins will pump as bitcoin pumps.

[abdmuiz]

it's a natural thing because someone will try to exchange coins that they hold against Bitcoin because bitcoin is more controversial ..

[vanjava]

in my opinion altcoin is still waiting for a significant movement from bitcoin. until now I have seen that movement and the results of altcoin are following the current bitcoin movement. the market began to turn green.

[andrewBud]

This is due to the fact that people do not really trust altcoins.  The pursuit of 2-3x for them is more important than getting more than 10x from long-term investments.  But soon, I hope, people will understand that altcoins are no less important than bitcoin.  Only bitcoin does not exist in the world.

[aiviaa485]

Bitcoin has more value than Altcoins.
Altcoins only has value if you have a Bitcoin from the developer team.

Evidence of why Bitcoin continues to rise, that means altcoins are discarded to have Bitcoin.