Why are prices dumping or there is no movement in Altcoins at all?
As we have seen in the past most of the Altcoins pump or dump in result of $BTC movement.
But as of now Altcoins do not pump when there is an increase in the price of $BTC . However, some of them dumping their prices when the price of $BTC dumps.
As of data shared by Coin Market Cap the BTC dominance is increasing and it has nearly achieved 50% dominance in the past 7 days.
So in such scenario when there is an increase in the price of BTC while dominance is also increasing, you will find most of the Altcoins not moving a lot or they often crash.
It is recommended, those who trade in futures should make trades with caution and tight stop loss to avoid making losses.
#BTC #ETH #BNB
As we have seen in the past most of the Altcoins pump or dump in result of $BTC movement.
But as of now Altcoins do not pump when there is an increase in the price of $BTC . However, some of them dumping their prices when the price of $BTC dumps.
As of data shared by Coin Market Cap the BTC dominance is increasing and it has nearly achieved 50% dominance in the past 7 days.
So in such scenario when there is an increase in the price of BTC while dominance is also increasing, you will find most of the Altcoins not moving a lot or they often crash.
It is recommended, those who trade in futures should make trades with caution and tight stop loss to avoid making losses.
#BTC #ETH #BNB