been noticing this pattern recently where when bitcoin rallies, other crypto falls on the same day. This patter is definitely clear today, as we see bitcoin rising to almost $4800 and other coins falling by around 3-10%. The good news is that there is positive long term correlation between the price of bitcoin and alt coins, so even though we see a drop today, in the long term we generally see a rise in the value of altcoins
Stay safe everyone! happy trading.