What makes all crypto rise or sink at the same time?
What makes all crypto rise or sink at the same time?
Relatively new to crypto here, what is it that makes all crypto move similarly at the same time? I can understand when theres a big buy or sell on a specific coin but all coins at once doesnt make sense.
Sashitha ilepperuma Answered question January 27, 2025
Everyone pulls the slot machine arm at the same time.
Sashitha ilepperuma Answered question January 27, 2025
Every coin is paired with BTC or ETH typically on exchanges at least in some amount. So those losing value affects the value of a coin that is paired in the liquidity pool with it.
Trevor Moraes Answered question January 27, 2025