How does Bitcoin affect other Crypto?

[amirhossain]

bitcoin has a positive and positive impact on other cryptocurrency. bitcoin is very popular in a coin world. People around the world use this bitcoin. Speaking of other cryptocurrency, they are not so popular. And we will notice that bitcoin's price decreases and the price of other coins is reduced. That is to say, the entire market falls.

[dmamigo]

It is true that Bitcoin affects the other coins, if bitcoin goes down, of course coin - coin is under it and vice versa, as the parent of all coins, of course Bitcoin has a big influence on other crypto coins

Bitcoin does directly affect the market with all the other altcoins, but it is not a parent coin. Better to state it as a primary coin in the market. This happens because of people using this for just an investment and as they see BTC falling, they get frightened and sell off their altcoins as well.
This will soon be solved, once people realize the value of other cryptocurrencies, which has great features and use other than just investing and storing.

[cizatext]

Well bitcoin being the mother coin of the cryptocurrency world has strong influence on all other altcoins due to the fact that any force that affect the bitcoin market either positively or negatively will also robe on all other tokens and coin in the market, so its in most cases bitcoin that control all other coins in terms of market movement.

[MeongElek]

Bitcoin still has a large influence on Altcoin prices. And then, for now, no one can replace Bitcoin as the owner of the highest price among other coins. I think Bitcoin is still the parent of all Altcoins.

[Linkkoin]

Bitcoin is a heavy-weight champion, 53% of the total trading volume of all almost 2000 cryptocurrencies (in other words - Bitcoin is traded more than all of the other cryptos COMBINED). When Bitcoin sneezes, all cryptos catch a cold.

[velive08]

bitcoin affects others by making bitcoin dominate in exchange. nowadays bitcoin continues to be one of the composition of coins with the strongest position in crypto, if you want to exchange or make a new coin as money must be through bitcoin, it's real and it can be used as one of the potential of bitcoin in influencing other crypto coins.

[Marieluvv11]

Definitely bitcoin prices affects the general market and other cryptocurrency. Mostly because its prices are more stable and then other coins are traded with it . so any movement up or down affects other coins.

[BTalarmus]

Most cryptocurrencies are very strongly tied to the price of Bitcoin because its capitalization is many times higher than the capitalization of other cryptocurrencies. If the price of an asset does not correlate to Bitcoin, this in most cases means that nobody needs this cryptocurrency.

[cfif123]

Bitcoin is the one for me and a father of all crypto but I always think that the price of bitcoin will also affect for other crypto coins also the price bitcoin is not already increasing same to other coins.

it's true because bitcoin was the first to become the benchmark price for crypto below, so with the increase in bitcoin, other crypto will definitely follow bitcoin and this has become a crypto world tradition

[btcdevil]

The main reason of other Crypto getting Affected by Bitcoin price is due to that everyone is holding altcoins to increase their Bitcoin investment. As everyone knows that We all trade altcoin and earn profit in Bitcoins so our Bitcoins volume is increasing and when Bitcoin price is increasing everyone start selling their altcoin and convert it to bitcoin so that they can sell in bitcoin high price.

This is the reason why crypto is getting affected by Bitcoin and even it is mostly valued by Bitcoin pair only.

[anitaraymonds]

Bitcoin is the  leads the altcoins in both price and market cap. This is the reason why the price of bitcoin will always impacted on the altcoins. It is a facts that once there is a price dip in the market for bitcoins it will affect the price of the altcoins and vice versa. Every altcoins is taken out of the bitcoin concept and this account why you cannot separate the except the name and value. Bitcoin is the clear leader among the two under examinations .

[Febriana98]

I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?

of course, it's very influential, just look at when the price of Bitcoin up to $ 20,000/coin then all prices of Altcoin go rise too, and when the price of Bitcoin goes down, all the prices of the cryptocurrency go down too. so, the rise and down of the price of Bitcoin will greatly affect the price of all cryptocurrency...

[ninokh]

bitcoin is the main currency in cryptocurrency and is the leader of altcoins. so that the rise and fall of bitcoin prices will affect the altcoin. because altcoin is used to buy bitcoin and bitcoin is usually used to fund altcoin operations. when bitcoin rises, altcoin also rises otherwise when bitcoin drops, altcoin also drops and now bitcoin is stagnant, so most of altcoin is also stagnant. so bitcoin is the center of the crypto currency. like dollars in fiat money.

[xbossJ]

Isn't it glaring enough that $Bitcoin is "ALL CRYPTO"? How else do we make it clear to some people that $Bitcoin is dorminating the market by well over 50%, what does this tell anyone?? That the market can't survive if $Bitcoin dies!!! Whenever $Bitcoin is attacked, all alts go into panick mode, with prices plummeting beyond imagining! $Bitcoin is like a Detonate button! If its pushed by FOMO it baloons unimaginably and if pushed by FUD everyone gets hit! In terms of popularity?? People hear $Bitcoin before any other!! Thats how $Bitcoin controls everybody and the market with the alts suffering an after shock!!

[Iambatman]

This is my question too cause sometimes if BTC have a bullrun all of the other coins was going to bull to so thats is my question

[Tahir460pk]

Bitcoin prices both ways leads as altcoins and market cap that's why as in start of this years bitcoin prices at his peak thats why other coins are also at high prices and as bitcoin drop it effect all altcoins that's the way bitcoin affect other crypto.

[EllenSmith]

I think even though altcoin is strong, it can not compete with bitcoin, and it depends quite a bit on the altcoin, which can be seen in the fact that when the bitcoin price drops sharply the price of altcoin drops dramatically.

[btc_angela]

Alts will bleed sats for awhile, BTC will outperform most alts as BTC value and market dominance increases.Once BTC levels out and starts trading sideways again, alts will come rushing back, outperforming BTC with a vengeance like they did at several points last year. It has happened before, it will happen again.

Hmm. Haven't we seen Bitcoin trading sideways for the last 5 months or so? We have been stable from $6000-$7000 range but I don't see your whole argument of alts rushing back. On the contrary, they have suffered the worst while bitcoin dominance continue to rise and the price becomes stable so there's something wrong with your argument here.

[akshay_khoyani]

Most of Altcoins are depending on Bitcoins so that when any news or decision affecting bitcoin than Altcoins also affect it in short altcoins are like dependent children of Father(Bitcoin).

[MAJICOIN]

Bitcoin is the floor where all he building then constructed so whenever there is a problem in the floor the whole building shrinks and not only in this but in the world other currencies also affected with one another and it is fact that when bitcoin price show movements other crypto comes after this, and now a days the whole market is stopped due to stability in the price of bitcoin.