#BTCvsMarkets Bitcoin is considered the spiritual leader and the most influential in the cryptocurrency market, and its impact on other currencies (known as altcoins) is clear and strong for the following reasons:

1. Leadership and Trust

• Bitcoin is the first digital currency to appear (2009), and it has the highest market value, making it a reference in the market.

• Investors consider it the “digital gold,” and most market movements are measured against it.

2. Market Influence

• When Bitcoin rises, other currencies (altcoins) usually follow suit.

• And when it falls, the market experiences a kind of panic, causing other currencies to decline even more sometimes.

3. Relationship with Market Cycles

• The market goes through phases known as:

• Bitcoin Season: during which Bitcoin outperforms other currencies.

• Altcoin Season: during which alternative currencies rise faster than Bitcoin.

• But even in “Altcoin Season,” Bitcoin's performance remains the most important indicator.

4. Connection to Regulations and News

• Any regulatory or economic news first affects Bitcoin, from which the contagion or prosperity spreads to other currencies.

5. Bitcoin's Role as a Reserve Asset

• Many investors hold Bitcoin as a primary asset and later convert their profits from it into other currencies.