The Dependence of the Crypto Market on Bitcoin
It has been more than three years since I started observing the crypto market and its candle patterns. One thing I have noticed is that the crypto market does not consistently follow candle actions.
For example, letâs suppose we see a shooting star in #C98/USDT ; or any candle pattern breaking its bullish trend, but it will still depend on Bitcoin. If Bitcoin is performing well, #C98 will likely rise as well. This is not the case for every instance, but approximately 90% of the market's price actions are influenced by Bitcoin, which can negatively impact the entire crypto ecosystem.
All cryptocurrencies should strive for independence; their price actions should not be reliant on #BTC . If, for any reason, Bitcoin were to vanish, this entire empire could collapse within seconds.
Therefore, all stakeholders must consider this issue. If you want to save this market, you need to address it. Bitcoin should not dictate the entire crypto market; the only way to provide better trading opportunities for traders and protect the future of crypto is to foster independence among all cryptocurrencies.
