This is
because all altcoin prices are based on their Bitcoin exchange rate, not their fiat currency exchange rate.
This is normal
because altcoin prices mainly depend on Bitcoin's and Ethereum's prices.
Not exact matches
When the existing whales are unable to influence bitcoin
prices like before, they are likely to jump to the
altcoins because they don't have to counter short sellers there.
I was sitting and looking at how buying an
altcoin matches up through the order book, and I understand how the bid
prices go up as well,
because people overbid the existing bids
because of demand.
After the big sell off of both the
altcoin —
because investors find it virtually worthless for them to hold for the long term — and Bitcoin —
because investors know the
price is artificially high for the short term due to their market strategy — investors capitalize on the low
price of Bitcoin from the massive sell - wall and they buy back the Bitcoin that they previously unloaded.
The announcement laid the rumors to rest and it also seemed to have affected the performance of the
altcoin because it tumbled by 15 percent from a high of $ 5.03 to a sub $ 4.20
price.
Despite the premium
price, Lee wrote in a report that «GBTC at $ 688 and with 20 % NAV premium is an attractive way to gain exposure to bitcoin,» stating that the NAV spread is inaccurate
because it does not factor in the value of the airdropped coins from Bitcoin Cash and Bitcoin Gold,
altcoins that were created from bitcoin forks.
Altcoin markets are highly prone to
price manipulation
because they have such low market caps.
This is
because the
price of Bitcoin has likely increased as well during the time it took for your
altcoin value to increase.
For now, things are not looking dramatically bad... Litecoin — The
Altcoin Asia Loves
Because of Its ScalabilityOracleTimesLitecoin
Price Hits Record High Amidst Very Solid Cryptocurrency MarketCointelegraph (Bitcoin, Cryptocurrency and Blockchain News) Litecoin Approaches Record High as Investment Appeal GrowsHackedLive Bitcoin Newsall 207 news articles & raquo;