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Bitcoin is the controller of they crypto market yes/no?

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Yes, Bitcoin is the controller and one of the most significant currencies. 

You can find several exchange sites that accept Bitcoin as a major currency. 

Because there are so many trading pairs with Bitcoin, when the price of Bitcoin rises, the price of altcoins rises in tandem.

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Yes, my friend, Bitcoin is considered one of the most important reasons for the rise and fall of prices in this area because it is one of the strongest cryptocurrencies, and its rise gains a significant increase in the rise in the price of currencies.

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We all know that bitcoin is the leading for all cryptocurrency coins but i don't think if altcoins are growing or dropping according to bitcoin price, because there are many times when bitcoin will fall but some altcoin will keep staying green or even grow more in terms of market value. All price depends on demand and supply.

Edited by Gamble

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I agree with you very much that the change in the price of bitcoin leads to the movement of most currencies in the market, but not necessarily in the same direction in which the bitcoin moved, as there are many currencies whose price increases when the price of the bitcoin falls, or vice versa.

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Yes I can say that your opinion is right .From the view of past experience of bitcoin and its journey we can say that it was and still a change in crypto world. The more is get famous the more it will rise above the others coins.

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Yes, I think that you are right , but I still think that bitcoin can also affect the already rising coins, and stable coins can not be considered cryptocurrencies at all.

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Of course, the main factor in changing the price of currencies is Bitcoin, because it is the most powerful and expensive currency, and its decline and rise affects the rest of the currencies.

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Bitcoin, in my view, is the primary driver of other currencies' prices. This is evident by market stability, as the price of bitcoin increases. We discover that all other currency prices have risen. Furthermore, the sharp price drop could result in the obliteration of currencies with a value less than one dollar.

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Greetings my dear friend, your research is very good, congratulations, bitcoin has always been leading the market for virtual currencies, that is why we can say that, as the mother of currencies, it can control its prices, whether it rises or falls, it is because This is why it is always good to invest by buying bitcoin.

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Of course, all currencies are affected by the price of Bitcoin if they are listed against Bitcoin for buying and selling. Therefore, when we see a strange movement of bitcoin, we begin to find most of the currencies deteriorate.

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I expect this to be true, since Bitcoin is the basis and the most important of the cryptocurrencies, as it is the currency that controls the cryptocurrency market, and I suspect that the price of the rest of the currencies is indirectly related to the price of bitcoin.

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4 hours ago, hghadeer611 said:

I expect this to be true, since Bitcoin is the basis and the most important of the cryptocurrencies, as it is the currency that controls the cryptocurrency market, and I suspect that the price of the rest of the currencies is indirectly related to the price of bitcoin.

@hghadeer611 Definitely, bitcoin moves the cryptocurrency market, when its price fluctuates downward or upward, altcoins follow it accordingly, only stablecoins and tokens with defined prices are not affected, but most currencies rise or fall if the bitcoin is moving in some direction.

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No, I don't agree with you, supply and Demand is a big factor that determines the value of anything that can be traded, including all digital currencies in the market. For example, if more people are trying to buy bitcoins, while others are willing to sell them, the price will go up and vice versa.

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The bitcoin has many effects on the market and i think it has an obvious effect on the prices with the raising or the decreasing.

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It cannot be said that Bitcoin is the controller in the prices of the rest of the cryptocurrencies, but it plays a big role in the rise of the rest of the cryptocurrencies, because if Bitcoin captures a large percentage of the liquidity of the cryptocurrency market, altcoin will not be able to grow well.

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My dear friend, I agree with you, yes, the currency of bitcoin is the lady of the encrypted currencies, so it has a great influence on the encryption market directly because it is the most common currency, the most investment and the most popular among all the encrypted currencies, so believe your conclusion is correct and thank you for the clarification

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Yes, if we monitor the bitcoin price, we will find that with its rise, some currencies will rise, but I do not fully believe that this rise is the one that completely affects the prices of other currencies. There are many reasons that lead To an increase in the price of a currency .. So do not just think that Bitcoin is the one in control, that it is a market that depends on supply and demand and on the currency project if it is successful. 

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Bitcoin is considered the basis for cryptocurrencies, and its price change greatly affects the rest of the currencies, as it withdraws all money from the rest of the currencies to it and increases its price 

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Bitcoin is the leading for all crypto coins but i don't think if altcoins are growing or dropping according to  bitcoin price, because there are many times when bitcoin will fall but altcoin will keep staying green or even grow more.

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Yes its right that Bitcoin is the top of other crypto. Its value is much greater than other cryptos. Its familiarity is more than other crypto. But in short term and small investment it is not worthy. Rather for short investments, less valued coin and new coins are good.

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Bitcoin is the controller and the most important currencies. You can most of the exchange sites which have Bitcoin as the major currencies. So many tradings pairs are with the Bitcoin so when the price of Bitcoin get increased, altcoins prices are also increasing against Bitcoin price. 

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Yes you are right dear member when the price of the bitcoin is high the other coins rate is automatically decreased . as you all know the price of the coins is not stable in the market .

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My dear friend, you are right, and your investigations that you conducted are correct, because the bitcoin currency is the master of encrypted currencies, its high price and a decrease that directly affects the coding market. Thank you very much for your introduction and explanation of this issue

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bitcoin is the leader of all coin's in crypto market, all altcoin follows bitcoin, because its proves so many times when bitcoin prices pump up then altcoins prices also increase rapidly, and bitcoin prices drops then altcoins also loss their value, so btcoin is the king of all altcoins...

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The mighty bitcoin is the leading for all cryptocurrencies but i don't think if altcoins are growing or dropping according to bitcoin price, because there are many times when bitcoin will fall but altcoin will keep staying green or even grow in terms of value.

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In his traditional speech on Friday, 31 May, Japan's Minister of Finance, Shunichi Suzuki, reiterated that exchange rates should reflect fundamental indicators and that he would respond appropriately to excessive movements.   On Friday, 31 May, a block of important macroeconomic statistics on the state of the Japanese economy was released. The Consumer Price Index (CPI) in Tokyo showed that inflation rose to 2.2% y/y in May. In April, this figure was at 1.8%, matching a 26-month low. Core inflation in Tokyo also rose to 1.9% from 1.6% y/y, and the CPI excluding volatile food and energy prices increased from 1.8% to 2.2% y/y. (It should be noted that inflation in Tokyo is usually higher than the nationwide figures, which are published three weeks later. Therefore, the Tokyo CPI is a preliminary but not final indicator of inflation dynamics at the national level.)   The current rise in inflation could increase confidence in future BoJ monetary policy tightening. However, the fear of low inflation and a sharp yen appreciation deters the BoJ from raising the interest rate and narrowing the gap with other major global currencies' rates. A strong yen would harm national exporters. The decline in industrial production, which fell by -0.1% in April both month-on-month and year-on-year, does not encourage borrowing costs to rise.   The last note of the week for USD/JPY was struck at 157.25. United Overseas Bank (UOB) analysts believe that in the next 1-3 weeks, "the dollar has the potential for growth, but given the weak upward momentum, any advancement is likely to be slow. The 157.50 level might be difficult to overcome, and resistance at 158.00 is unlikely to be reached in the near future."   Speaking of the average forecast of experts, only 20% indicate a southward direction, while the remaining 80% adopt a neutral position and look east. Technical analysis tools show no such doubts or disagreements. Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on Ethereum. (According to JP Morgan experts, this was dictated not by a desire to support digital assets but by a political decision aimed at supporting Joe Biden ahead of the US presidential elections.) Whatever the true reason for this regulatory move, everyone is now interested in where Ethereum prices will go. The newborn ETH-ETFs can only start trading after the SEC approves the S-1 applications. According to Bloomberg analyst James Seyffart, this could take "weeks or months," although it is very likely to happen in mid-June. According to DeFiance Capital CEO Arthur Cheong, Ethereum's price could rise to $4,500 even before trading begins. CCData analysts believe that within 100 days of the launch of ETH-ETFs, the price could reach $5,000 per coin. This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • 🚀Join $20 000 000 Cryptodrop 🚀Collect points to get BFG rewards 🚀To the Moooon!    If you are interested, click here 👇
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
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