Bitcoin down Altcoin down

[Valakhaha]

In my opinion, Bitcoin can influence directly or indirectly the Cryptocurrency market. There are indications that the Bitcoin price has dropped to a low of $ 6000, so the Cryptocurrency market has fallen sharply.

[DeKingCrypto]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

The reason is that Bitcoin is where many people can easily access and it is the currency they can exchange to their local currency, so when the price drops it automatically affects altcoins because even the altcoins are also exchanged to bitcoin.

[Raggie]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

In my opinion because they are the same as cryptocurrency, and bitcoin is the largest cryptocurrency so that if the price of bitcoin goes down, the others go down.

[kincit88]

The reason why both of them is going down because there's some any bad news appear and hit cryptocurrency. Both of them is cryptocurrency, so if any bad news appear both of them will get the impact (market drop).

[FrancePG]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

And what did you want when Bitcoin capitalization takes up half of the entire market. Of course there will be movements and all other coins, and alts are prone to even greater volatility. So there is nothing surprising.

[bitcoinm3ster]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

Now, the affection of Bitcoin with this market is still very high and small coins is the one that are most affected. The profit is transfered back and forth between Bitcoin and Atlcoin when the market reverses

[kimjenglot]

It has no direct effect, but it has an indirect effect. Every time I see the price of Bitcoin change, then almost the whole market has fluctuations.

some coins are indeed affected by the rise and fall of bitcoin prices but this year it is not like that. because at the current stable bitcoin price, the price of altcoin can rise, but the reality on market is not

[otunayode]

The relationship between is sometimes inverse, sometime parallel and sometime opposite. The truth of the matter here is that bitcoin affect the altcoin price more than any other factor in the market of cryptocurrency.

[rafi035]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

bitcoin is a pioneer of cryptocurrencies and the first cryptocurrency available while altcoin is an alternative coin that has the same function as the price difference

[Matcuda]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

The connection between bitcoin and altcoin is very strong, and with the fall of bitcoin, there is a fall of altcoins and this can not be avoided, since bitcoin is one of the strong factors that affect the price of altcoins.

[take_off]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

The reason is that Bitcoin is where many people can easily access and it is the currency they can exchange to their local currency, so when the price drops it automatically affects altcoins because even the altcoins are also exchanged to bitcoin.

Those who fear will fomo according to the value of bitcoin, they worry that bitcoin may continue to decrease. So they sold their altcoin to bitcoin that reduced the altcoin, then they sold the bitcoin to usdt, causing the bitcoin to fall again.

[mrkavasaki]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

The price of most altcoins has a lot to do with the price of BTC. They are almost all traded through BTC, so the price has a great impact.

So I'm always interested in how investors are thinking about Bitcoin and the market. If investor sentiment is good then the market may be better

[quleyaro]

Bitcoin is the main force in the cryptocurrency space. And for me there is nothing surprising that the price of altcoins depends on Bitcoin. Nevertheless, we have seen examples of the same Ripple that altcoin can grow significantly in price even with the steel price of Bitcoin.

[dr_chen]

Generally, when the price of Bitcoin drops, the price of altcoins is also in decline. In case of exception, price increases are observed. There may be strong news or progress about the project when some altcoins are rising. sometimes when bitcoin is stable, it is seen that altcoins are on the rise.

[mandeepcrypto]

The price of altcoin depends upon the bitcoin. When the price of Bitcoin  increases  the price of altcoin increases  and vice versa.Bitcoin is the king of this market .

[Coinguru888]

yes, the BTC can bring down with himself the altcoins, it's because they depend a lot from BTC

[LiteNight]

Bitcoin is the gold standard in the crypto world. Other currencies are pegged to bitcoin. This is a direct correlation. Now it is normal. How much this will last is not known.

[jhache]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

Yes there is always a relationship between the movement of the coins. All of the coins in the market have gotten their value from the price of bitcoin and when the price of bitcoin moves then the price of all of the altcoins will be moving accordingly with the coin. I think that this is because of the trading pairs that exists between the coins.

[duchaitp]

I think the altocin price is always calculated in bitcoin. Normally an altocoin will be traded with bitcoin and converted to some satoshi. Therefore, when bitcoin prices decrease, prices will drop altcoin.

[Malkazimir]

Is there any relationship between the two?
Whh must the fall of bitcoin after other altcoins?

Of course, alternative currencies are very dependent on the value of Bitcoin. They repeat his movement, only with great acceleration. When the price of bitcoin will rise, we will see a stronger growth of alts.