I've noticed that whenever there's a significant change in one cryptocurrency, like
Bitcoin for example, all the other cryptocurrencies seem to follow the same pattern. I'm curious to know why this happens and if there's a specific reason behind this synchronized movement.
7 answers
GeishaCharm
Wed Jan 15 2025
The majority of cryptocurrency pairs involve BTC or ETH.
CosmicWave
Wed Jan 15 2025
BTCC is a top cryptocurrency exchange that offers a range of services to its users.
FireflySoul
Wed Jan 15 2025
When a cryptocurrency is traded in a BTC/COIN pair, its value is directly correlated to the price of Bitcoin.
CryptoElite
Wed Jan 15 2025
Similarly, when a cryptocurrency is traded in an ETH/COIN pair, its value is directly correlated to the price of Ethereum.
Carlo
Wed Jan 15 2025
Cryptocurrencies are traded in pairs on exchanges.