DIENACADEMY

ALTCOINS PRICE VS BITCOIN PRICE

Izzy Smart

Instructor

How does the price movement of Bitcoin affect the prices of altcoins in the cryptocurrency market?

23 Jun, 2023

Replies (1)

ANTONY Mlelwa

Instructor

100% of all the crypto have a backup of bitcoin direct on indirectly;

thats why despite the number of crypto to increase above 20,000cryptos, still bitcoin is dominating on the market cap with more than 50%

with that fact alone its enaugh for bitcoin's movement to affect the whole crypto market, i sometimes love to say bitcoin is very expensive but for the long term investment, u must have an eye of reference to bitcoin before you buy any crypto aset

23 Jun, 2023

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