$BTC

Bitcoin, as the largest cryptocurrency by market capitalization, significantly influences the movement of its companion cryptocurrencies in the market. When Bitcoin's price rises, other cryptocurrencies like Ethereum and Litecoin often follow suit, signaling the strength of the entire crypto market. This uptick can result from various factors, including expectations about monetary policy or increasing acceptance of digital currencies. Conversely, when Bitcoin's price drops, the market tends to become cautious, leading to a decline in the prices of companion cryptocurrencies due to risk aversion or panic selling. This interconnected effect highlights how Bitcoin acts as a trend leader in the cryptocurrency market.