03-15-2023, 05:35 AM
Alts are lagging behind, as BTC outshines in the crypto market
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11r36vt/alts_are_lagging_behind_as_btc_outshines_in_the/"> <img src="https://b.thumbs.redditmedia.com/u-TVCocQ13E4z8Q3tGOeArs8lDHGwvUxl2D_2TlcA_w.jpg" alt="Alts are lagging behind, as BTC outshines in the crypto market" title="Alts are lagging behind, as BTC outshines in the crypto market" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>When Bitcoin performs well, many altcoins follow it and experience a surge in value as well. Usually even more than how much BTC pumps.</p> <p>This was not the case however this time, with the number of banks collapsing, BTC also saw a massive price cut.</p> <p>However, BTC decided to be BTC again and had a huge 20% daily candle. </p> <p><a href="https://preview.redd.it/h1xuwgreoona1.png?width=1760&format=png&auto=webp&s=1327a0a5a7b3386f021e7d1913dd6805be793cf1">BTC, almost back to its 90 day high</a></p> <p>​</p> <p><a href="https://preview.redd.it/5w83x415pona1.png?width=1752&format=png&auto=webp&s=85864cc51c64bcfc33d7f958ced92ffd427324c8">ETH/BTC was almost unchanged.</a></p> <p>This was not the case however with alts, with most alts bleeding compared to BTC </p> <p>​</p> <p><a href="https://preview.redd.it/7ux7c8hgqona1.png?width=2526&format=png&auto=webp&s=5070965ed5abada96ac360ad2a2aee4f62fb11bb">Most alts are lagging behind and are down 10-15% compared to BTC</a></p> <p>Bitcoin also recently flipped tech giant Meta and is approaching Tesla in market cap </p> <p>​</p> <p><a href="https://preview.redd.it/4jgz3uidrona1.png?width=2540&format=png&auto=webp&s=47cc18f8ea84446acfaea1d1a066de9a82262559">BTC surpassed Meta in MC</a></p> <p>BTC is clearly doing very good compared to US stock market (YoY) but a point to note here is that it is also gaining in tech related MC index. Which is a very good sign because Bitcoin has usually followed NASDAQ. </p> <p>*This is NFA, crypto markets are very volatile no one knows what will happen in the future*</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Concept-Plastic"> /u/Concept-Plastic </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11r36vt/alts_are_lagging_behind_as_btc_outshines_in_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11r36vt/alts_are_lagging_behind_as_btc_outshines_in_the/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/11r36vt/alts_are_lagging_behind_as_btc_outshines_in_the/"> <img src="https://b.thumbs.redditmedia.com/u-TVCocQ13E4z8Q3tGOeArs8lDHGwvUxl2D_2TlcA_w.jpg" alt="Alts are lagging behind, as BTC outshines in the crypto market" title="Alts are lagging behind, as BTC outshines in the crypto market" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>When Bitcoin performs well, many altcoins follow it and experience a surge in value as well. Usually even more than how much BTC pumps.</p> <p>This was not the case however this time, with the number of banks collapsing, BTC also saw a massive price cut.</p> <p>However, BTC decided to be BTC again and had a huge 20% daily candle. </p> <p><a href="https://preview.redd.it/h1xuwgreoona1.png?width=1760&format=png&auto=webp&s=1327a0a5a7b3386f021e7d1913dd6805be793cf1">BTC, almost back to its 90 day high</a></p> <p>​</p> <p><a href="https://preview.redd.it/5w83x415pona1.png?width=1752&format=png&auto=webp&s=85864cc51c64bcfc33d7f958ced92ffd427324c8">ETH/BTC was almost unchanged.</a></p> <p>This was not the case however with alts, with most alts bleeding compared to BTC </p> <p>​</p> <p><a href="https://preview.redd.it/7ux7c8hgqona1.png?width=2526&format=png&auto=webp&s=5070965ed5abada96ac360ad2a2aee4f62fb11bb">Most alts are lagging behind and are down 10-15% compared to BTC</a></p> <p>Bitcoin also recently flipped tech giant Meta and is approaching Tesla in market cap </p> <p>​</p> <p><a href="https://preview.redd.it/4jgz3uidrona1.png?width=2540&format=png&auto=webp&s=47cc18f8ea84446acfaea1d1a066de9a82262559">BTC surpassed Meta in MC</a></p> <p>BTC is clearly doing very good compared to US stock market (YoY) but a point to note here is that it is also gaining in tech related MC index. Which is a very good sign because Bitcoin has usually followed NASDAQ. </p> <p>*This is NFA, crypto markets are very volatile no one knows what will happen in the future*</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Concept-Plastic"> /u/Concept-Plastic </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11r36vt/alts_are_lagging_behind_as_btc_outshines_in_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/11r36vt/alts_are_lagging_behind_as_btc_outshines_in_the/">[comments]</a></span> </td></tr></table>