I've noticed that whenever there's a significant
market movement, most cryptocurrencies seem to follow the same trend, moving up or down together. I'm curious to understand why this happens and if there's a specific reason behind this synchronized movement.
7 answers
Sat Jan 11 2025
The prominence of certain cryptocurrencies further impacts this synchronization.
Sat Jan 11 2025
Arbitrage plays a significant role in equalizing costs.
Sat Jan 11 2025
Traders exploit price discrepancies across exchanges to make profits.
Sat Jan 11 2025
The synchronization of prices across various crypto exchanges represents a multifaceted occurrence.
Sat Jan 11 2025
Algorithmic trading also influences price movements.