Which coins go against BTC, let's take a look into this issue.
Coins that often go against Bitcoin (BTC) in terms of price movement are known as inverse correlated assets. These are not strictly fixed and can vary depending on market conditions. However, the following scenarios are common:
Stablecoins
Examples: USDT (Tether), USDC, BUSD, DAI.
Reason: When BTC rises, traders may sell stablecoins for BTC, and when BTC falls, they may convert BTC into stablecoins, creating an inverse correlation.
Altcoins
Some altcoins might temporarily move against BTC due to:
1. Independent catalysts: News or updates specific to the coin.
Examples: XRP, SOL, or ADA during major announcements.
2. Market rotation: Capital flows out of BTC into altcoins when BTC's price stabilizes or decreases.
Privacy Coins
Examples: Monero (XMR), Zcash (ZEC).
Reason: Sometimes, privacy coins attract attention during BTC corrections as a hedge or alternative.
Tokenized Assets
Examples: Tokenized commodities like PAXG (Gold-backed crypto).
Reason: These might perform inversely if BTC is perceived as high-risk compared to traditional safe havens like gold.