Bitcoin price effect on Altcoin

[petermike]

I think the effect of Bitcoin on Altcoins is almost 95%. The Altcoins become paralyzed and fall apart when Bitcoin encounters unfavorable conditions. Perhaps this is the negative side of the crypto market.

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[ssuchy]

I think the effect of Bitcoin on Altcoins is almost 95%. The Altcoins become paralyzed and fall apart when Bitcoin encounters unfavorable conditions. Perhaps this is the negative side of the crypto market.

It seems to me that today the influence of the bitcoin price on the entire cryptocurrency market shows only a negative trend. We need to somehow change the current situation.

[zeze2100]

Since the events that have been made since the beginning of the year and the developments in the middle, it is obvious that all relations are interconnected.

[consigliere]

Bitcoin has always influenced and will affect the price of altcoins, do not forget that this is the first and main cryptocurrency on the market.

[kagawawa]

I think that affects the entire coinmarketcap system that the Altcoins can not bump up. It's terrible when i glance through the coimarketcap all of the Altcoins that are dominated by Bitcoin and ETH are also among the other losers. The dazzling days and youth of the Altcoins are waiting for Bitcoin to wake up.

[coinswebid]

Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?

for now,, most of crypto price in USD terms is depends on the value of BTC in Usd terms my friend
because Bitcoin is the main pairs in most of exchange in this crypto industries

[SlimShadyMmp]

I think BTC does affect the whole market most of the time though it might not be that much am sure most of the time when BTC loss or gain it goes on to show on the chart with either greens or reds Check coinmarketcap if you want to confirm

[namcunguyen]

Most Altcoins price is dependent on Bitcoin price because Bitcoin is a leading market capitalization. Bitcoin is the focus in the crypto economy and has an influence on all Altcoins.

[natumanya]

It is always do this because all coins use to follow nitcoin from the start. Bitcoin will be always a leader.

[cool4y]

Undoubtedly there is strong correlation between Bitcoin's value and alternative cryptocurrencies. For instance, when bitcoin declines, all alternative coins will also lose value, and vice versa. Assuming that a given alt will decouple from BTC is hard to imagine.

[Litefoxx1698]

It is normal that all altcoins floow bitcoin because this is a marker of this market and investors watching for it's price everyday

[rizkyx56]

it affects so much, bitcoin is a king. when bitcoin is down, altcoins are down too
even on bad market like now, many altcoins have no value

[Niam_bakri]

it affects so much, bitcoin is a king. when bitcoin is down, altcoins are down too
even on bad market like now, many altcoins have no value

I think that is fair, because the decline that happened is a kind of decline from the global crypto market. the impact is not just on bitcoin and only a few altcoins. you yourself can see, all of my assets have decreased.

[zcashplan]

Yes, the impact of Bitcoin on the entire cryptocurrency is unprecedented. The price of Bitcoin is greater than the entire cryptocurrency. It is the leader of cryptocurrency. You only need to look at the price of Bitcoin for the whole cryptocurrency market.

[AwoCorporation]

Yes, the impact of Bitcoin on the entire cryptocurrency is unprecedented. The price of Bitcoin is greater than the entire cryptocurrency. It is the leader of cryptocurrency. You only need to look at the price of Bitcoin for the whole cryptocurrency market.

bitcoin on the whole price impact cryptocurrency certainly very big. We can see from the price movement of bitcoin and some altcoin in the market. where the movement of the bitcoin will influence market movements with indirectly. We've seen this several times from the movement of the market last year until now.

[planfox]

Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?

Altcoins are associated with bitcoin so much that it is constantly reflected in their price. I think this connection is inextricable. As long as bitcoin is alive, altcoins will always be associated with it. If bitcoin dies, it is likely that altcoins will also die.

[Anies_Sandi]

I think bitcoin to date is still in the highest coin crypto currency and of course changes and developments in bitcoin will affect the development of other coins

[Mary89]

Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?

This connection, which is so strong that it can grow into an indissoluble one. Only the blind can't see her. So it is obvious to everyone. Altcoins under the full influence of bitcoin. And it will continue.

[yountt2]

As much as people will like to dismiss the relevance and important of bitcoin in Cryptocurrency,  the bitcoin price still have a huge impact on altcoin prices.  Some would argue that bitcoin is energy consuming and doubt it's prospect,  but I still believe bitcoin will be leading Cryptocurrency into it's future!

[pieppiep]

I think this bitcoin price can provide price movements to the altcoin and maybe the current bitcoin price is falling also has an influence on the altcoin price and causes the fall in altcoin prices.