Bitcoin is sucking value away from altcoins...

Some altcoins are doing well right now, most aren't.

Especially when talking about relative performance.

Bitcoin broke through the $38k resistance the other day and then the $40k resistance yesterday.

Meanwhile many coins like STEEM have gone sideways or even sold off...

(Source: https://www.mexc.com/exchange/STEEM_USDT?_from=search_spot_trade)

This is known as the bitcoin suck, where it sucks value from everything else when it is running.

The good news is that altcoins often spike several days after bitcoin and often to an even greater degree in terms of percentages.