Is the price of ethereum dependent on bitcoin?

[Abigail Asi]

Yes. The price of Ethereum is dependent on bitcoin because when bitcoin price falls or rises in the crypto market, all altcoins price also increase or fall respectively. This indicates that bitcoin is the king of cryptocurrency.

[TCTDev]

Bitcoin affects each of the coins. I think that at the time when Bitcoin falls down, it has a very negative effect on all alt coins and ETH.

[thuthanh]

I would like to answer that of course it depends entirely on Bitcoin. Bitcoin lives when ETH and Altcoins are likely to survive. Bitcoin's downfall on ICOS fundraising campaigns by ETH has failed completely.

[jakezyrus00]

I dont think that ethereum now depends on bitcoin , maybe in the previous year. But because ethereum shows that it can compete to bitcoin some altcoins depends in the value of ethereum. Although still majority of altcoin depends on bitcoin this two already shows their potential that they can be dependent.

[alkiw21]

I think like that. Ethereum prices do follow the price of bitcoin. I see it like that, when the price of bitcoin rises, ethereum also rises. I am sure that ethereum prices depend on the price of bitcoin. I always think about it and there must also be those who feel the same way too. It can be said like that and that's my opinion.

[steinkopf]

Unfortunately, this year we were very disappointed with ETH. It seems to me that the price of this coin has gone down because of the large number of scammers in ICO. Bitcoin had a little impact on the fall of this coin.

[akram143]

Unfortunately, this year we were very disappointed with ETH. It seems to me that the price of this coin has gone down because of the large number of scammers in ICO. Bitcoin had a little impact on the fall of this coin.

Each and every cryptocurrency has different growing way and different value so which kind will not be the responsible are helpful for the development of ethereum for other currencies so my opinion is which cryptocurrency will not depend on any other currency.

[Convery]

The most important thing is if Bitcoin and other cryptocurrencies are in a bear market or in a bull market.
Nowadays all cryptocurrencies are loosing, so market is bearish. If market changes the direction, probably all cryptocurrencies will go up. People do not care only about Bitcoin, they care about the whole cryptomarket.

[AK47-]

We all know BTC is a king of all coins. Yes its partially true prices of other coins depends on BTC's price. When there will be hike in BTC's price , price of rest coins will automatically go upward. BTC is most dominating coin. Yes i do agree with your statement price of ETH depends on BTC

[jikurpa]

For a lot of people bitcoin is an embodiment of cryptocurrency so whenever btc price changes it pulls almost everything else after it. I believe with time bitcoin's share of the market will get a bit smaller which will give alts a bit more independence.

in my opinion, it could be said that maybe the highest value currency could be a guide and the possibility could happen without anyone predicting in the future what it would be like to use the possibility to get a profit with any coin

[arida_ds]

All cryptocurrencies are dependent on each other, as well as on an ordinary exchange, something grows in price and at the same time a similar currency falls or rises at the same time.

[cerberus5424]

The price of any altcoin depends on Bitcoin. In principle, the entire cryptocurrency market depends on Bitcoin, as Bitcoin is the leader in capitalization and Ethereum is no exception.

[Ludmilla_rose1995]

I feel influential, but not 100%, I say it's not 100% because when the price of Bitcoin is high like this time, why the price of Ethereum is crash, this reason also makes me think that Ethereum is an independent coin and the price is not influenced by anything..

[cryptolord2077]

At the moment, the price of Ethereum is kept by bots, they wind the imaginary volumes on the exchanges so that the price does not collapse, this will continue until the beginning of a positive trend in the market. I think the price of Bitcoin now does not affect the Ethereum.

[aaaxn]

Since Bitcoin exceeds 50% of the capitalization of all crypto, its rate affects the rate of all coins.

Since the market is still young, the course of Bitcoin is influenced by many factors.

[shadowduck]

Like all other altcoins, it is completely dependent on the price of bitcoin , and so it will always continue , because you can see for yourself when bitcoin grew then everything else also increased in price.

[Legendari]

I think that the prices of all coins depend on the price of bitcoin, because he is the king of crypto and always sets the trend in the market.

[Zeronic]

It was usually like that. The eth price is depend on bitcoin price.
If bitcoin price goes high, then eth price is goes high too. Bitcoin is the king of crypto i think, so it hold the important role on the market.

[bitsiddu]

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.

[D3m1r4wanti]

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

what I see in the coinmarketcap bitcoin prices and ethereum prices are not the opposite of those of some people, you can see for yourself at coinmarketcap, the price movements of bitcoin and ethereum look in line


https://coinmarketcap.com/