Why does ETH seem like it is tied to BTC? LTC used to be but isn't anymore.

[iluvpie60]

Has anyone been looking at this lately? ETH is doing really well. I got some friends into BTC and ETH and all that in the last few weeks. Some of them made like 25% on ETH just the other day. It is getting crazy the price jumps happening.

Is ETH linked with BTC now? It seems like it. What would be the reason for it I wonder?

[MacT]

 The stronger eth becomes, the less tied to btc it becomes. Btc used to be so dominant that whatever happened to it generally happened ot the whole industry, but that is more tame now. Yesterday when eth went up 25% btc only barely moved around 1% most of that.

 When little alts are still mostly traded in bitcoin vs other currencies, btc influence is greater.

[hase0278]

I guess if it is linked with BTC is it because of the bitcoin scaling debate that is not solved right now or because of some people wanting to gain more BTC. I personally think that ETH price increase is really tied with BTC .The current price ETH has now is connected to some successful ICO's of some ETH based tokens like wetrust and many more. Right now there are many eth based tokens that are sold in the market which is being traded and bought at the moment and maybe that boosts ETH price I could be wrong though.

[I Am Hero]

it is funny when you think about it.
all this current pumps started on the premise of ethereum replacing bitcoin because apparently according to the whale pumpers bitcoin is shit.
and now that their bullshit is over and bitcoin is still strong and rising, there is no bullshit to pump ethereum with but they are still clawing their way up with their pump now with a different thing saying it is tied to BTC!!!

[Kanapka]

Both are rising, so both are connected for now.

Let's wait until some correction or sideways, if they will keep tied.

Other coins could be "tied" too, because all are rising

[Spoetnik]

It's not though..
And yeah LTC way back years ago was.
Don't have tunnel vision guys.

[Cazkys]

Both are rising, so both are connected for now.

Let's wait until some correction or sideways, if they will keep tied.

Other coins could be "tied" too, because all are rising

Well and ethereum is next highest in terms of price and but third in the total marketcap. The price is not constant and it always moves according to its Marketing cap on both ends. It seems also there are the same on there increase cap. but eth i observed went down as low as 10% in a week where is btc is only at  1 or 2% when it decreases but goes up in a higher percentage.

[Salazarian]

Both are rising, so both are connected for now.

Let's wait until some correction or sideways, if they will keep tied.

Other coins could be "tied" too, because all are rising

Well and ethereum is next highest in terms of price and but third in the total marketcap. The price is not constant and it always moves according to its Marketing cap on both ends. It seems also there are the same on there increase cap. but eth i observed went down as low as 10% in a week where is btc is only at  1 or 2% when it decreases but goes up in a higher percentage.

both are looking having good potential to increase in its price, therefor people are giving preference to both of the currencies. those people who some time want to convert their bitcoin in to fiat so they select Ethereum and from Ethereum they usually convert to bitcoin.

[emezh10]

Yeah i guess zcash is doing well in the altcoins but also the ethereum is doing a good job in price centralization and many aspects of the coins actually i guess it will be one of the best altcoins in thw market and many bitcoin holders use it as a currency like what they do in bitcoin.

[dennyd999]

Yesterday I was sent 30$ with 2$ fee on Bitcoin network to make it confirmed within 10 blocks (aprox. 100 minutes)

WTF
Even bank transfer is cheaper

I wish more merchants will accept ETH,LTC or whatever another cheap (preferable free) and fast payments. This is why blokchcain exist right ? Fast,cheap transaction. Bitcoin do not offer it anymore.

[Netnox]

Yes... looking at the exchange volumes, it seems so. The BTC vs ETH volumes are much higher than the ETH vs USD or ETH vs EUR volumes. Regarding LTC, the LTC vs BTC volumes are still greater than LTC vs USD or LTC vs CNY, but the latter group has started to behave independently.