Today i reviewed Coinmarketcap and found that due to falling BTC price top 50 Altcoins are also falling and are red for last 24 hours.BTC king of crypto World and the entire crypto world is dependent on BTC.Its mean that growth in BTC is the growth of Altcoins and vise versa.What you think.
Indeed because most of the altcoins are their prices are being paired with Bitcoin and it's normal that when Bitcoin drops, then almost altcoins are dropping as well.
There is one coin that do help save investors and traders' assets - USDT Tether and it's role is always being paired by USD and nothing more. It's price range only lying on USD price range so Bitcoin will only do affect altcoins price value except Tether USDT.
Every alternative coin has their own dollar value, and i don't know where they are getting it.
there is 2 most used coin in trading ETH AND BTC..
and ETH are also depending on the price of bitcoin,
And bitcoin is the only currency which really has dollar value in any market.
SO it is! all coins and tokens are depending and connected to btc price.