If your wondering why Bitcoin is rising then alt (alternative) coins which are the children of King Bitcoin falling and if Bitcoin falls then the Alt coins drop then I can give you a clear answer:
If Bitcoin started this whole new blockchain ecosystem and the use of Cryptocurrency back a few years ago. You would understand the reason why the Alt coins will follow its pattern.
Think of it for a second. If the all King Bitcoin which created this whole system is falling then why would the Alt coins have a future?
This also comes to my other point, Bitcoin will never vanish only if another coin comes along and beats it. But that’s for another time to discuss.
So that was all I wanted to say, Bitcoin is driving the market and even if one alt coin is rising, it doesn’t mean anything. It will eventually fall back and lose support. No matter how big the news is!
This has been a humble moment of writing this article. Your sincerely friend,
Wahid