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The recent crash in bitcoin price have also seen other crypto experienced a decline their price and market value. Ethereum and Bitcoin Cash also experience this fall in price as bitcoin price falls by some 45%. The chemistry and physics behind crypto and its prices is still hidden from the public.
Come to think of it, should a fall in bitcoin price also trigger fall in the price of other crypto? If truly all crypto stands on its own, then a fall in the price of bitcoin should not bring the prices of other crypto down.
Ethereum, Bitcoin Cash and other crypto experience a fall in price as bitcoin price goes down, this means that all crypto are not actually alone.maybe they depend on each other for continuous survival. Is it that bitcoin and all other crypto are just part of a huge ponzi scheme?
Mining bitcoin have been very profitable to miners and investors alike, but with this fall in price most investors might have lost some cash too. The simple fact still remains that Bitcoin price can not remain still for long. After a while it will either depreciate or appreciate.
Why is a fall in bitcoin price affecting other crypto? If you have an explanation please don’t forget to share via your comments below. Follow us on Twitter and Instagram @mntrendsblog also like our Facebook page “Mntrends Blog” for latest updates.