Why Does the Market Price of Other Coins Like MeMe Coin Drop When BTC's Price Falls?

When Bitcoin (BTC) market price drops, the prices of many other cryptocurrencies (such as meme$BTC Coin or other altcoins) also decrease. The main reasons for this are:

1. Market Sentiment

BTC is considered the leading currency in the crypto market. When its price drops, investors become fearful, which increases the chances of other cryptocurrencies also losing value.

2. Bitcoin Dominance

BTC holds the largest share of the crypto market. When BTC falls, the entire market is affected. Many investors in altcoins follow BTC-based strategies.

3. Liquidity & Investor Behavior

When BTC price declines, many investors move their funds into stablecoins (such as USDT, USDC) to reduce risk. This decreases the demand for other cryptocurrencies, leading to lower prices.

4. Correlation Between BTC & Altcoins

Most altcoins (such as MIMI Coin) are correlated with BTC. When BTC moves down, the trend suggests that other altcoins will also decline.

5. Market Manipulation

Large investors (whales) selling BTC create panic. As a result, smaller investors also start selling, causing the overall market to drop.

6. Bad News & Events

BTC's decline can be triggered by negative news such as government regulations, exchange shutdowns, or changes in crypto tax policies, which impact the entire market.

Conclusion:

Since BTC is the center of the crypto market, its decline affects almost all altcoins, including MIMI Coin. However, some cryptocurrencies (such as stablecoins or specific project-based tokens) may be less affected.$BTC