If Bitcoin is down as a result altcoins are also down.WHY?
Bitcoin often serves as a bellwether for the cryptocurrency market. When its price goes down, it can create a lack of confidence in the overall market, causing investors to sell off altcoins as well. Additionally, many altcoins are traded against Bitcoin, so when Bitcoin's value drops, it can affect the perceived value of altcoins in terms of Bitcoin, leading to a general decline in altcoin prices.
I am holding bitcoin. 🔥
30%
I am holding altcoin. ✨
70%
53 ψήφοι • Η ψηφοφορία ολοκληρώθηκε