BTC decreased by 7%, but altcoins dropped by 20-50% due to:

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When Bitcoin (BTC) drops 7%, altcoins can drop even more, from 20% to 50%, due to the following reasons:

  1. Bitcoin is the "Market Leader" BTC is the safest asset in crypto, like "gold" in the financial market. When BTC drops, investors get worried and sell altcoins to preserve capital. BTC only drops 7% because there is still strong buying power, but altcoins are being sold off more heavily due to lack of liquidity. ⏩ Example: If BTC drops from $45,000 → $41,850 (-7%), altcoins like SOL, AVAX, NEAR, ARB may decrease 20-50% due to selling pressure.
BTC1.39%
S-5.14%
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GateUser-18164253vip
· 02-04 04:30
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