Is the price of ethereum dependent on bitcoin?

[MinerFTW]

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

In general, all coins are related to the movement of the BTC price. You can always see this dependence. I think Ethereum is not an exception to this case.

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[Captainhoook01]

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

I think almost all coins are dependent on bitcoin and this is what i observed when i started to invest in crypto market and this is known as domino effect.

[Mostshisha]

I think all altcoin like that, bitcoin prices in the market affect the price of altcoin in the market as well. as we know when bitcoin gets hit by bad news that causes the bitcoin price down it makes almost all cryptocurrency decrease due to bitcoin effect.

[flowdon]

yes it is. bitcoin is the first cryptocurrency was ever been made. e wn if you just noticed tht every ICO has an ICO price of there coin and link to bitcoin. if bitcoin will rise almost all cryptocurrency also rise and if bitcoin will fall down all altcoin will also be affected qith the price drop of BTC.

[shiningstar]

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

Right now most of alts depend on bitcoin price movement because there's only a few fiat pair and most of the pairs that are being traded on the market is btc pairing. That's why you always see the price of alts decrease whenever bitcoin moves. I think it is not good and there is a need of more fiat pairing so they can dictate their own value.

[arun9900]

last year, based on my observation, the correlation between BTC and ETH was pretty tight large volume of small transactions to be processed relatively quickly substantially lower volatility rate, startups prefer to maintain their funds in Bitcoin !!

[tamango]

I don't think so, when BITCOIN goes down in my experience every altcoins go down too, ETH included.... because it's still the coin most capitalized.

[Ostonian]

Bitcoin is the main coin in the cryptocurrency market, all the rest are alternative coins Bitcoin. And all of them are fully dependent on the growth and fall in price together with the BTC.

[mika1977]

That's right, Ethereum is as dependent as any other cryptocurrency on bitcoin. Because bitcoin is the main currency and a reference point for others

[CaptainKid]

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

I believe that this is a correct assumption, and the price of all altcoins depends on the price of bitcoin. This market situation proves and confirms this fact once again.

[Sanugarid]

At firat, I thought of the same thing because whenever the market value of Bitcoin is increasing same thing happens with the price  of ethereum and also, likeliwise when falling. But as we can see, there's a difference on the percentage of every increase and decrease as well as on the volume so i think it is jist a coincidence or something which do happen normally but i doubt that it is because ome depends on the other one.

[atariguy]

The Ethereum like all other cryptocurrencies depend on the bitcoin. If Ethereum can overtake bitcoin by capitalization, the situation may change and it will be interesting.

[idioma1]

The price of all altcoins depends on the price of Bitcoin. When Bitcoin goes down in price, altcoins go down as well. That's why during the slowdown people are concerned about the price of Bitcoin

[JoniPopens]

Despite the fact that in the eyes of an ordinary user, inexperienced in the field of technology, both crypto-currencies are similar to each other as two drops of water, they differ significantly not only in terms of technology, but also in the capabilities that are provided to users and developers. In fact, the Etherium is not just a Bitcoin upgrade, it also has a wider functionality, it allows you to create more advanced services on the same block-platform. In the Ethereum system, there is an opportunity to create "smart contracts" that allow for the exchange of assets between participants when they reach certain conditions, own Freenet network for creating decentralized sites. Thus, the Etherium is not only a money transfer system (although in this respect it functions perfectly). First and foremost, this is a full-fledged infrastructure in which cryptonyms are also a kind of payment method for the time of using the service.

[thsaudtl1]

My personal opinion is that the price of etherium corresponds to the bit coin price.
This is because, as you can see from the numerical graphs of the market exchanges over the years, if the bit coin declines, there will be a movement to defend the etherium at the same price as it initially maintains, but ultimately the ether will inevitably lose its price I saw many times.
For this reason, I think that Bitcoin is still the most important coin in coin, but still plays an important role in the role of market leader.
So if Etherium is the second coin that is in line with the big role, then this is another market confusion and the price comparison will be different. (Or, in the future, Etherium might be the coin for the colon.)

[Souldream]

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

In general, all coins are related to the movement of the BTC price. You can always see this dependence. I think Ethereum is not an exception to this case.

The very true reason behind why if the bitcoin price go down let's expect the same thing happen with some altcoins since the market value of altcoins is some sort related to the price movement of Bitcoin. And I bet that everyone observed it also. So let's just hope for the best for bitcoin and so for the altcoins too.

[Cryptokingind]

In my views price of every coin will be depends on bitcoin price because every altcoins price is move up and down as per price of bitcoin. because bitcoin is base currency of this market.

[Jazvebtc18]

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

Ether is an smart contract ecosystem. Bitcoin is a store of value and framework for transferring funds. They frequently move relative to each other as per the chart below. The longer answer is that the entire cyrpto space, as a young asset class, is highly correlated. When China clamp down on Bitcoin exchanges, the entire sector tends to move lower. This wlll change over time as the asset class gets more widely adopted.

[Lala Sravan]

Yes ofcourse, being the Bitcoin is the father of Altcoin, so Altcoins ups and down depends on the Bitcoin. I have seen many ups and down in the cryptomarket because of Bitcoin.

[praizepraise1]

The majority of the cryptomarkets follow bitcoin. Bitcoin is the front runner and market king. Where it goes, the rest of the market tends to follow.

So my answer is, Yes.  Ethereum is dependent on bitcoin for the same reasons every other coin does.