There are sometimes when #Bitcoin come downside other crypto coins also move downside and with great move. While there are sometimes when there is no impact of Bitcoin on other crypto coins.

As it is happening these days. You may have noted that the price of #Bitcoin come down from $65K to $60K which is more than 6% down but crypto coins did not follow the pattern.

This is because of several reasons which I will share with you guys. You may have noted that a month ago when Bitcoin price was increasing there were no increase in other altcoins.

This was because corporate and institutions did buying in #Bitcoin where they left altcoins on their positions.

This was because they needed to inflow cash in Bitcoin and then further they move to any other crypto coins.

Now when the price of Bitcoin is going down, no any crypto coins are coming down as fast. The reason is that now Bitcoin cashflow is in altcoins.

Whales, institution and other large corporation are looking to invest in other crypto coins. That is why most of the coins are still positive even Bitcoin is going down.

Also BTC dominance is decreasing which indicates that cash inflow is moving from Bitcoin to alts.

Anyway, this is some good news for altcoin holders because soon an alt season may explode. If you have altcoins holding, keep holding your coins soon altcoin season is coming.

What do you people think about current market condition? Do you think altcoin season is coming soon? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

IMAGE TAKEN FROM CANVA

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