Is the price of ethereum dependent on bitcoin?

[paramex]

I think if all altcoin including Ethereum follows every bitcoin movement. so want to keep altcoin good but if bitcoin down keep going up it will not affect big negotiate. but if you look at bitcoin and Ethereum market price chart, when bitcoin price drops or rises, equals Ethereum and altcoin other.

[senin]

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

Yes, unfortunately, this is so. The price of ethereum, like that of other crypto-alaques, is still dependent on the price of bitcoin. This can be seen every day on the CoinMarketCap table. Ethereum and other coins all accurately repeat every price movement of bitcoin, very rarely there is a discrepancy with the direction of movements of its size. This will occur as long as bitcoin is much higher in capitalization than other crypto-currencies.

[sabtu malam]

I think not only the ethereum only. even the other coin is also the same. While one major coin bitcoin decline. It will be a lot of people feel scared. So they sell their coins simultaneously.

[mh6e]

In my own opinion price of other coins depends on bitcoin because anytime price of bitcoin went down, other altcoins prices will go down too, so even eth price also goes down too. but when the bitcoin price rises, other coins and eth will rise too.

Yes absolutely, if bitcoin market value go up so does altcoin. Including ethereum because most of this investors in bitcoin are also invisting altcoin. So it is normal that bitcoin go up or descending down they follow.

[Hobbit698]

I don't know why this is happening , but it is . If the price of bitcoin goes down, then the price of etherium is also reduced

[kololo]

It seems all the cryptos depends on bitcoin, not just ethereum. Bitcoin is the core of the crypto market. When the bitcoin price rise, all other cryptos will rise after bitcoin. If the bitcoin price drops, all the crypto market will go down.

[Ciucas]

Yes, the price is mostly dependent on bitcoin's value. This year, 1 Ethereum was worth between 0.05-0.10 BTC, and now it currently has the value of 0.07 BTC. So if Bitcoin ever reaches the value of let's say 50.000$ in the future, you can expect 1 Ethereum to be worth around 2500$-5000$.

[mangle]

Not only Ethereum but all other altcoins depend on bitcoin .

[Girtogoh3]

Yes it does happen, the price of bitcoin dictates to others the price

[Raketa7]

the whole market depends on bitcoin, every time bitcoin goes down-the whole market follows it.

[Ojodibanned]

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

Do not be surprised but the price of every altcoins are dependent on btc and it will continue to be like that until the market is stabled and regulated.
So literally just make convenient investment and trading and maintain the law DYOR
I believe Blockchain will eventually take over

Bitcoin remains an unparalleled coin and is the main advantage that becomes the benchmark for all coins. with so strong Bitcoin would be great by relying on it and being so powerful and precious in the future and invincible.

[uppon]

All cryptocurrencies depend on Bitcoin, which is inevitable. I can't explain the reason to you because I don't know. I found out through my experience that often the other cryptocurrencies will rise when bitcoin prices rise. Ascending, falling also the same

[poodle63]

I think it's not just Ethereum that have price-dependence with bitcoin, all altcoin depends on the price of Bitcoin, I do not understand why all altcoin is affected by the decline and rise in Bitcoin prices, I think this makes crypto unpleasant, all altcoin should be independent and unaffected by Bitcoin .

I think to be very independent already, this is digital money where one of the most powerful money will be the benchmark of the other money. which is an independent right is the ability to make coins useful and have value.

You are talking about non-sense thing. In fact that's just the matter of time until those altcoins have their own pairs in the future. Bitcoin can't be used as the main pegged crypto in the future. They m,ust stand with their own legs.

[Politkiw]

all crypto is associated with bitcoin . and the whole crypto market follows the price of bitcoin

[edisystem]

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

It is true and not only ethereum but other altcoins also depends on bitcoin too, if the price of bitcoin going down, ethereum and other altcoins will go down too and vice versa. Just look at the market, you will see its real happen.

[LesterD]

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

well, I dont think that way, its the opposite, if the price of bitcoin decreases, the whole market is highly affected. even ethereum, the only thing that can increase their value is not for bitcoin to increase, but to increase also their demand.

[ALexJinky]

All altcoins are now valued in bitcoin. especially eth, so bitcoin is still number 1 here

[rumoo42]

Bitcoin has a great influence on the price of the ether. All altcoins are like this, but the ether also has its own trend. It has its own route and does not follow Bitcoin completely. Because they are competitive.

[3kpk3]

The price of every single coin and token which obviously includes Ethereum depends on Bitcoin in some way or another since Bitcoin has laid the foundation for this market whether people agree or not. For example, Ethereum reached a new high when Bitcoin skyrocketed close to $20k last December which itself shows how dependent it truly is on Bitcoin. The current dip in value of Bitcoin which has clearly affected Ethereum is another example.

[jyotianand01]

Every altcoin follow bitcoin ups or downs and ethereum is not an exception because same rule apply to all altcoins. Whenever bitcoin start dropping whole market comes to the grip of bears and altcoins drop more then bitcoin and vice versa happen when market is in bulls hands.