You are viewing a single comment's thread from:
RE: Where does cryptocurrency come from
Why do Steem and Ethereum still follow Bitcoin?
Because human psychology is a major factor, and for most people, movements in one crypto will affect their perception of all the others.
The stock market works this way too - share prices of different companies tend to move up and down in unison, even when those companies have little or even nothing to do with each other.
This is also a very valid point and expands on my theory that it's what market makers know. Thank you.