Today, $ETH is down 3.217%, a larger drop than $BTC's 1.984% decline. This shows how closely many altcoins follow Bitcoin's lead. When Bitcoin moves, altcoins usually move in the same direction, often with bigger percentage changes. For example, $SOL also dropped 3.75% today.
Sometimes, an altcoin might 'decouple'. This means it moves differently from $BTC . An altcoin could rise while Bitcoin is flat or falling. This is less common during periods of high market fear. The Fear & Greed Index is at 10 today, marking "Extreme Fear". In such times, altcoins generally drop with Bitcoin. You can see this pattern for $ETH over the past week on the attached chart, as it fell over 18% from its 7-day high of $2243.56.
To see altcoins show independent strength, I would first watch for $BTC to stabilize. Until then, most altcoins are likely to remain sensitive to Bitcoin's movements.
#AltcoinSeason #MarketCycles
Sometimes, an altcoin might 'decouple'. This means it moves differently from $BTC . An altcoin could rise while Bitcoin is flat or falling. This is less common during periods of high market fear. The Fear & Greed Index is at 10 today, marking "Extreme Fear". In such times, altcoins generally drop with Bitcoin. You can see this pattern for $ETH over the past week on the attached chart, as it fell over 18% from its 7-day high of $2243.56.
To see altcoins show independent strength, I would first watch for $BTC to stabilize. Until then, most altcoins are likely to remain sensitive to Bitcoin's movements.
#AltcoinSeason #MarketCycles
