it has been for a long time that Bitcoin has an influence on altcoins. we can see how the price of BTC really can give an effect on altcoins. only a few altcoins that are probably do not depend much on BTC price. so here, this domination is true
not for the moment.
I have a different opinion with you. because I see altcoin currently do not follow the price of bitcoin.
in 2017 bitcoin might really affect altcoin prices. when the price of bitcoin went up, altcoin also went up almost 100%.
currently bitcoin is going up very high in price like last year, but altcoin are just running in place. altcoin price up only 50%
bitcoin is the father of crypto currency, but the era of altcoin is not as smooth as in 2017 where the price of bitcoin went up, altcoins will also go up following the father, now bitcoin has begun to rise to the moon. altcoins stuck in their respective positions
I think with you.
in 2017 altcoin price really followed bitcoin.
one example, in 2017 the price of bitcoin reached $ 19,000, the price of ETH became $ 1500.
and in 2020 look at the bitcoin price reaching $ 19,000 but ETH only reaching $ 600