Hi, their
Today we are talking about how markets are interlinked?
E-state have two markets
- Crypto Market
- Share Market
Crypto Market
Crypto Market is mostly interlinking with Bitcoin, Ethereum, Binance Coin & Top 10 Coins.
The question is how?.
The answer is Bitcoin have high dominance in the market. Bitcoin moves make the market bullish & bearish. We have to understand many coins have paring with Bitcoin like BTC/ETH, BTC/BNB, BTC/RAM, & BTC/ADA. When Bitcoin moves down, paired currency also moves down. We understand by an example.
Let's today Bitcoin is +5% & Ethereum is -2%.
Ethereum creates pressure on Bitcoin to go down. Bitcoin has more gain than Ethereum will move with Bitcoin.
This phenomenon works with every coin. Let's Matic be +20% & Bitcoin -5%. Bitcoin creates pressure on Matic to go down. Matic has more gain. Matic is Bullish & happens due to Matic paring with Bitcoin like BTC/MATIC.
Due to this phenomenon, Crypto Market mostly moves with Bitcoin.
Share Market
Share Market is interlinking with company products and linked company product usages.
Let's understand by an example.
Imagine a company manufacturing cars using other company tyers, colours, metals, & glass.
When a Car company has low sales in the market & Car company Share, the price goes down & linked company's Share price also goes down because the Car company use fewer tyers, colours, metals, & glass.
Share Market is inter-linked with this phenomenon.
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