Why Alts Follows Bitcoin's Fall?

[kaya11]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Because bitcoin is the founding leader of all coins. It covers most of the market capitalization of entire crypto currencies though it is flank by many competitors. Bitcoin dominates and almost all of the Alts are typically measured by bitcoin. If new coins are listed, it's either BTC or Eth paired, that is why when BTC rises, most of the coins rise too.

In some parts of the world, where you can't purchase other alts with Fiat, so you buy BTC first to buy that certain alt, and it applies the same when you want to cash it out to fiat. Good thing in my country we can do it in some few alts, directly with no need to trade for bitcoin. Somehow Bitcoin became a median between alts and fiat in some cases.

[GreatArkansas]

Here's what I observed all these past few years,

Bitcoin pumps -> altcoins dump (rare)
Bitcoin dumps -> altcoins dump
Bitcoin sideways -> altcoins pump
Bitcoin pumps -> altcoins pump

If you really observe these behaviors of Bitcoin and altcoins, you will see some of these cases. When Bitcoin before is still below $10,000, you will see when Bitcoin pumps, altcoins dump, there are lot of cases like that before.

[X-ray]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

I think that if you were crypto adopters since last year and you may familiar with this. Altcoins are usually following bitcoin caused by altcoins used bitcoin as a way to determine its price. Remember that bitcoin already paired with so many stable tokens and then bitcoin has become a standard for the altcoins to follow the trend. Bitcoin is also making almost all of altcoins will always follow it.
The history was also playing a lot in this case. People know that bitcoin was the first crypto and the price started with bitcoin. I meant crypto priced caused by bitcoin and then altcoins got introduced after bitcoin already available in the market.
That's why bitcoin is widely affecting the price of altcoins. There are also another variables that are giving huge impact to the bitcoin.

[FairUser]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

The opposite fluctuations have made many investors nervous. Many people often assume that an increase in the price of Bitcoin will definitely have a positive impact on the price of altcoins. However, this did not happen. Many times, we have seen alternative cryptocurrencies move in a direction that is disproportionate to Bitcoin price movements. This is a time when investors mostly rely on the trend of BTC to judge the future of the market, and that is part of the reason why alts will be difficult to grow at this stage.

[danherbias07]

When you are the King, everyone should follow. 
It became the basis of both investors and traders for movements to happen. If every investor has the same perspective then, they are selling at the same time which causes a wave on all altcoins they possess.
Everything will be sold for a stable coin automatically whenever Bitcoin moves down for securing the value.

[asyakashi]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Bitcoin is the mecca of cryptocurrency itself.
It's no stranger, for predictors they always see the movement of bitcoin before buying their favorite altcoin.
Bitcoin as the main cryptocurrency of course has a much higher volume than other altcoins so it can be taken into consideration.
So that cryptocurrencies are balanced when altcoins follow the movement of bitcoin, I assume after bitcoin flies,
the volume in bitcoin will go partially into altcoins so they follow bitcoin to fly.

[adzino]

Think of it this way. When the price of bitcoin starts to fall, altcoin holders see this as an opportunity to buy bitcoin at cheaper price. Hence they start selling their altcoins and invest them in bitcoin. So the price of altcoin starts to crash even more while the price bitcoin doesn't drop as much as altcoins. When the price of bitcoin starts to increase, they buy back their altcoins at the cheaper price hence maximizing their profit. There are cases where the price of altcoins doesn't increase even when bitcoin increases. This is because people move their focus from altcoin when they see the price of bitcoin go up.

[Sokoloau]

Bitcoin is the leader among cryptocurrencies, and its price movements can affect market sentiment, and many altcoins will depend on the Bitcoin price to move.

[Ararbermas]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

bitcoin is the very first coin in the market that has massive marketcap until now, so for me it's not surprising why alts usually follow bitcoin when there's a declined in the market.

and yes sometimes there's an event that most of them (alts) fall even more during the situation. And perhaps its because converting alts into bitcoin while bitcoin is making correction is a good idea than keep holding alts during the dip.

[Adbitco]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Most of the Altcoins are Bitcoin driven they also dependent of its variations though there are some which are opposite of the market, meaning whenever the markets gets down or falls those coin gains their ATH which happens to be the ( Gainers /Losers ). The losers depending on bitcoin increase and movement while the gainers depending on the falling or decrease of bitcoin.

Moreover we all known to see Bitcoin as the King

[makishart]

People are using the main base pair to trade. Sometime when bitcoin was facing the bearish trend people massively moving their assets to the bitcoin to decrease their loses but this can also be used as the safest coin during the bearish market as altcoins will face more bearish trend compared with bitcoin. When market will be growing up again and people that converted their altcoins to the bitcoin will be moving back again to buy back their altcoins at the bottom price and make some profits after the bullish trend have been triggering the recovery. That's why alts are following the bitcoin fall.
People are looking for the safest place to keep their assets. Bitcoin has become the first choice and then stable tokens.

[Kelvinid]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

It is not usually to see the trend as altcoins just rely upon Bitcoin. The whole market had relied on Bitcoin once it dumps, altcoins are absolutely are going to follow and do the same thing when it pumps.

1. people are selling their coins (worried)
2. Bitcoin has an influence on the market
3. Altcoins can't stand alone without Bitcoin

If Bitcoin dies, the crypto market will collapse but this becomes impossible.

[BIT-BENDER]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

It's simple just like in the real world, rising is harder than falling, and many of the progress of Alt-Coins has great dependancy on Bitcoin even if it's clear the only relationship between them is just that they are both Cryptos. Many projects before creation by the Devs and team do a check in Bitcoin's market value and form at that time.

[asriloni]

Yeah since bitcoin was the first coin and this coin is ruling crypto market. All of altcoins will always be following bitcoin no matter what news that has come.
I'm always following bitcoin as this was making people can't leave from bitcoin. Altcoins can't be stand alone without the support from the bitcoin. That being said that if bitcoin is everything in the crypto. People know this so well and that's why they are using bitcoin as a way to predict the direction of altcoins whether it will be going up or down. The problem is newbie like you may unfamiliar with this movement.
Just try to make sure you have got enough basic knowledge about crypto volatility and this is a part of it. Altcoin will always follow bitcoin up or down.

[omone1]

Bitcoin is king of crypto and has the highest market capitalization by volume, whenever the bitcoin is falling, money is been wiped off  the total market cap, this create panic for altcoin traders triggering a sell off. Most of the altcoins are even paired against bitcoin. When I started trading, I only trade against bitcoin, that has greatly changed now.

[litepool.ru]

The market phase depends entirely on the movement of BTC. It still follows the rules. After a big drop, most altcoins lost 90% of ATH, some coins have this ratio even larger. Strong trends are over when there is no incentive for investors to come back. Perhaps we should be satisfied with the past. Looking for new opportunities is something that we need to get used to.

[Silberman]

I always thought of it as the USD of cryptocurrencies. They say USD is the strongest currency of all and it also affects the economy of other countries once its value fall. I think the exaggerated news all over different articles is the proof of it.
Bitcoin is almost the same. It is the strongest of all and when it fluctuates, the same goes for altcoins that is being affected by its market. At old times it was not like this, when Bitcoin falls every altcoins pumps up but when stablecoins was presented it became different.

The dynamics of the markets change, after all stable coins are negatively correlated to bitcoin for the obvious reason they are backed by fiat, so when bitcoin drops even if the value of stable coins remain the same now you need more bitcoin to buy them, so in a way they are reevaluating themselves against bitcoin, this explains why people buy stable coins during those times and why the market dynamics changed and now most of the time the price of altcoins also drops when the price of bitcoin goes down.

[fauzan Ichsan]

bitcoin as a mecca than other altcoins. many traders analyze the development of altcoins from bitcoin movements. so don't be surprised if there is a term altcoin season, it happens because bitcoin has rallied, and potential altcoins have not shown their dominance, so there will be many investors and traders who will buy altcoins, and vice versa if bitcoin experiences a decline

[magneto]

When bitcoin rises, the altcoins keep the price and if when the bitcoin falls the altcoins fall even more. Why do altcoins usually follow bitcoin?

Well, the crypto market as a whole is always moving in unison (to a certain degree).

I think that you have to realise despite the fact that people think bitcoin is dead, it is still the first and foremost thing that comes up to the public's consciousness when you mention the idea of crypto. So its price action dictates how much money is flowing into crypto overall.

I think that this trend will improve as a matter of time though, you're not going to see as much correlation between BTC and alts going forward because how much alts have developed.

[evichi]

Bitcoin is the first cryptocurrency and as such forms the foundation of all crypto. Practically all exchanges have Bitcoin as their cryptocurrency also most altcoins trade with Bltcoin. It was just few years ago when stable coins came into the crypto space that we have coins trading with stable coins. Before then, almost all altcoins trade with bitcoin. Secondly, the statistics at CMC indicates that Bitcoin have a Market Dominance of 42.57%, while Ethereum have Market Dominance of just 17.74% - as at 12th March, 2022. IMO, the above factors indicate that Bitcoin have been dominating the market so every move of Bitcoin will affect most altcoins.