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Question : Why alts Dump when BTC is pumped nicely..
Answer : If BTC pumps by 5% in terms of usd price and Alts pumps lower than that % then Alts will obviously dump in terms of satoshi price
Say BTC is pumped from 5k to 5.5k which is 10% while a #XYZ coin is pumped from $100 to $101 means 1%.
Here 10% pump in BTC is much better than the 1% pump in that alt.. Which causes the dump in respective alt's satoshi price as BTC being more expensive than before..
Regards,
Saviour
Answer : If BTC pumps by 5% in terms of usd price and Alts pumps lower than that % then Alts will obviously dump in terms of satoshi price
Say BTC is pumped from 5k to 5.5k which is 10% while a #XYZ coin is pumped from $100 to $101 means 1%.
Here 10% pump in BTC is much better than the 1% pump in that alt.. Which causes the dump in respective alt's satoshi price as BTC being more expensive than before..
Regards,
Saviour