It has been the case that the alts were “pegged” to BTC, but BTC is holding and all the alts are in free fall... I think a lot of it is fear dumping. Not sure exactly what started it, but the break occurred when the SEC denied the ETFs a few weeks back.
All this means is that weak hands will get shaken out and we’ll get that much more gain in the next bull run (which will come, eventually, with certainty).
Dear my friend, SEC denied ETF on Steem based? Because it look me strange that form the main cryptos is the only one have lost over 10 position in coinmarketcap....:(((
No, I was just saying that appears to be when the alts started diving and BTC dominance started to grow more rapidly.