All cryptos are tied to BTC. Most folks invested in cryptos are in BTC, so when BTC is rising they sell their alts to buy more.
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All cryptos are tied to BTC. Most folks invested in cryptos are in BTC, so when BTC is rising they sell their alts to buy more.
not necessarily,
i dont think any crypto is directly tied to bitcoin and are only traded as a pair if this were true gains and loss would be closer to equal in alts to bitcoins price.
here is an example from coinmarket.com gainers that shows many gaining even though bitcoin rises.
cryptos are free markets that move independently based on market sentiment,development and utility of each.