@BitcoinBaby
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What could be the reason that all my ALTs are down after the BTC surge. BTC is still up, but ALTs dropped, might be just the retranchement after the surge as I didn't see any FUD that could cause it. #Cryptocurrency
2 comments
Seems that lot of people traded their alts in before the BTC pump. Maybe they did not want to invest new capital, but use their existing coins.
That might very well be when BTC pumps like this money tends to flow into BTC and leaving the ALTs with less incoming funds to catch up later once BTC is stable. If people moved from ALTs to BTC and did not use new funds that makes perfect sense why we see the drop indeed