Why Altcoins Were Rocketing Higher Today

With news that the foundational and leading cryptocurrency was teasing a fresh all-time high, trading was brisk and fruitful in altcoins on Tuesday.

The prices of many were rising notably, at times edging into or exceeding double-digit percentage gains. Utility token Aptos (CRYPTO: APT) was up by slightly over 10%. Fellow utility crypto Chainlink (CRYPTO: LINK) was enjoying a more than 5% gain, ditto for meme token Shiba Inu (CRYPTO: SHIB). Slightly behind its peers was Bitcoin Cash (CRYPTO: BCH), with a sub-5% rise.

Barring proprietary news that swims against the tide of that day's general sentiment on its fortunes, the cryptoverse tends to trade in line with its unquestioned leader, Bitcoin (CRYPTO: BTC).

Source Fool.com