Why do cryptocurrencies often move in sync with each other?

[Joy123]

Crypto currency moves in sync with each other because they are part of the same market, and are affected by similar market forces. This means that changes in the price, adoption and sentiment of one crypto currency can have an impact on can have an impact on the prices and performance of other crypto currencies.

 

[Ononivami]

Bitcoin being the foremost cryptocurrency in the crypto space, it always dictate the movement of all other cryptocurrencies in the cryptocurrency market.

In addition to your contribution, all cryptocurrencies are housed in the crypto-currency market and a major setback or decline in the crypto-currency market would definitely affect all the cryptocurrencies.