Cryptocurrencies That Follow Bitcoin Price Fluctuations

[tyrim88]

Cryptocurrencies That Follow Bitcoin Price Fluctuations
As a crypto investor or trader, of course you always pay attention to Bitcoin and Altcoin prices which will always change every hour or day. In your opinion, is there any crypto that keeps up with Bitcoin price fluctuations? What are these cryptos.

From my own personal observations i have seen that the price fluctuations in the bitcoin value does not have much effect on the prices of other cryptocurency coin value,in most cases the prices are really independent of the fluctuations in the bitcoin value.

 

[Trexxxy]

In all sincerity and based on the information at my disposal. I have written an article on this and what I realised is that bitcoin influenced the price of other digital currency. Normally, the altcoin are designed to outperform bitcoin but the purpose is forfeited. Because bitcoin leads.

I understand that Bitcoin is number one, and of course sets the pace. What do you have to say about other alt coins that hit 50k marks at the time Bitcoin was hovering 40-50k. Coins like zuga and the likes.

 

[Thinker009]

I think for me it's ethereum as the coin seems to follow the price if Bitcoin even at the support and resistance zone of Bitcoin price reach ,so ethereum is part ,same with bnb ,litecoin and others

 

[Immilash]

I don't think so. I don't think there's a coin that fluctuate with bitcoin. Bitcoin can be higher now but later it might drop, I don't think there's is a coin that fluctuate with bitcoin.

 

[Emmy]

There's no coin that makes the origin of fluctuations in Bitcoin. Bitcoin itself is the controller of all other crypto currencies. Whenever the price of Bitcoin is affected then the price of other crypto currencies are affected.

 

[Adecyptii]

Bitcoin tends to be the best coin in all crptocurrency coins,but it seems as of altcoin tends to be the one after it,even though its rate drops not too long.

 

[Laurentta]

I don't think there's any crypto currency that works with the fluctuation of bitcoin. I feel each coin has it's own working principle.

 

[ahmedo24]

Most coins follow the trend of Bitcoin prices though their percentage rise and fall differs but certainly when the price of bitcoin is up most other coins also go up likewise when it is down.

 

[Good-Person]

For me it's Ethereum. Although the coin has increased alot in months past, it's volatility can still be compared to that of Bitcoin of recent.

I think there are many cryptocurrencies that follow Bitcoin. Some currencies such as Dogecoin, Tron, Dash coin, Bitcoin cash also follow Bitcoin's market and i really do not know why this is the case in the exact manner.

 

[Toyoabasi]

Cryptocurrencies That Follow Bitcoin Price Fluctuations
As a crypto investor or trader, of course you always pay attention to Bitcoin and Altcoin prices which will always change every hour or day. In your opinion, is there any crypto that keeps up with Bitcoin price fluctuations? What are these cryptos.

I will say yes.
Many who have watched the trend of these coins would observe that most times when the price of bitcoin increases, some coins tend to increase too.

 

[greenie]

Of course, due to the fact that bitcoin is the first most valuable cryptocurrency. I've noticed and it was even on record that almost all coins dropped in value the time that bitcoin dropped in value.
Litecoin, Ethereum, Tron, XRP are examples of coins that dropped in value too

 

[Sotherefore]

Since bitcoins is the only cryptocurrency with the highest market cap it will always pull down other cryptocurrency when it drops and when it rise.. the only thing is that there is always a season and there is also a time that is meant for bitcoins to rise without having much impact in altcoins.. but in general bitcoins control other cryptocurrency.

 

[Bookwormlux]

Ethereum and binance coin are the ones that I have observed so far and I believe most of the other altcoins are having same case as they cannot do without Bitcoin.

 

[Mayox25]

There are so many coins that are affected by the price fluctuations and movement of Bitcoin and also there are coins that are not affected by it which go in different direction to the movement of Bitcoin.

 

[Syldan]

Well, I dont think there is any other coin which is in competition with the bitcoin in the cryptocurrency market due to the issue of high value or fluctuation in it trading value.

 

[Bookwormlux]

Today's market situation is something else, and I can see in that a lot of cryptos are still down even though bitcoin is currently experiencing a bull run that may not be unconnected to the Russian war.

 

[Sotherefore]

All cryptocurrency are likely to follow the movement of BTC , BTC generally is the controller of all other cryptocurrency for now, I can't really tells of others. Bitcoins is The first cryptocurrency in existence

 

[Sincerem]

Today's market situation is something else, and I can see in that a lot of cryptos are still down even though bitcoin is currently experiencing a bull run that may not be unconnected to the Russian war.

This is a bear season. Normally so many investors did not predict it to be up to this. The war in Ukraine and other factors make it to even drop more beyond what we expected.

 

[lottowinningsignal]

Almost all the other cryptocurrencies follow the market fluctuation of the Bitcoin. This may be because the Bitcoin is the Pioneer coin and the market sentiment or movement of the Bitcoin definitely reflects in the market movement of other cryptocurrencies

 

[tyrim88]

I don't need to keep these cryptocurrencies in my record as they are not cryptocurrency of choice to me. I only simply observe the trend and make or draw my conclusions. Most cryptocurrency follow the Bitcoin trend a lot

Exactly what I have come to observe,one has always found out that whenever the price of Bitcoin expecially goes up,other coin usually follow suit and that has always been the trend in the market.