Why does the altcoin only rise at the end of the bull market (why the altcoin does not rise)?

Why does the altcoin only rise at the end of the bull market? What causes the rise of Bitcoin? The reason is the surge in market demand. During the bear market in the past few months, the prices of Bitcoin and Ethereum both experienced various degrees of decline. In the previous round of market downturn, Bitcoin also experienced significant fluctuations.

In January 2017, the price of Bitcoin dropped from around $30,000 to below $20,000, and then rapidly increased to over $40,000. Now, it has entered the second halving in nearly two years, and with less than a month until the production reduction, it has once again reached a new high and continues to rise. Therefore, people always say that they will not buy altcoins unless the bull market ends. However, if we look at historical trends, altcoins often continue to rise because they have gone through several months, but in most cases, this is not the case.

Why do altcoins not rise?

In the recent market, Bitcoin has already fallen by more than 50%. Why don’t altcoins rise? It is because they are relatively new assets.

We know that the total market value of cryptocurrencies is one of the factors that measures the value of a cryptocurrency project and its underlying technological strength, rather than the price-influence factor. When the market is falling, people speculate whether this means a large-scale price correction is about to occur. However, the fact is that these digital assets are not really “bearish” – on the contrary, they will continue to rise. Therefore, from this perspective, the main point for investors is that altcoins will not outperform the general market.