I've noticed that whenever the price of one cryptocurrency goes up or down, others seem to follow the same trend. Why is this happening? Is there a specific reason why all cryptocurrencies tend to move in unison?
7 answers
GeishaCharm
Thu Jan 16 2025
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to this dynamic market. Their platform includes spot trading, futures trading, and a secure wallet, among others.
MysticStorm
Thu Jan 16 2025
For instance, traders often see trading pairs like ETH/BTC or SOL/BTC.
SamuraiWarriorSoul
Thu Jan 16 2025
This pairing allows users to buy or sell altcoins in exchange for Bitcoin.
Giulia
Thu Jan 16 2025
Bitcoin plays a pivotal role in the cryptocurrency market.
SakuraTide
Thu Jan 16 2025
The significance of
Bitcoin as a liquidity pair cannot be overstated.