Does bitcoin control the market?

[Jetski]

Yes, for now bitcoin is still the leading crypto currency and it looks like that other coins are dependent on the movement of bitcoin because when bitcoin drops some of altcoins are also dropping too bad.

[Sapp]

We all know, Bitcoin is at the center of the cryptocurrency movement, when the price of bitcoin rises everything goes up and vice versa. So Bitcoin will control all cryptocurrency price movements. The price of Bitcoin greatly influences the movement of all current altcoin prices.

[May]

BTC always impacts the market every time it goes up or down. It has the largest market capitalization which means it has the largest crypto investor base, so BTC investors have a big influence on the entire market.

[Motastjohns]

Yes bitcoin does controls the market and no two ways about that.

[Sabarhati]

bitcoin is very influential in crypto, because bitcoin is the most popular among the other coins, which is why bitcoin is called the crypto market controller

[Galon]

BTC always impacts the market every time it goes up or down. Second, it has the largest market capitalization which means it has the largest crypto investor base, so BTC investors have a big influence on the entire market. Bitcoin does not fully control the market but has an influence on the market. Because most coins are paired with Bitcoin and function as standard sizes for most coins on the market.

[ryap12]

Not Bitcoin but whales. Bitcoin is just the most traded cryptocurrency in the market. Though most altcoins are funded by bitcoin and ethereum so whenever the btc price goes crazy, the rest follows.

[damsix]

Bitcoin has its own characteristics and this proves that independent Bitcoin does not side with anyone.
The prices of altcoins are determined by themselves and they also follow the price of Bitcoin.

[rapheal]

I think bitcoin is controlling the market because bitcoin is the king of crypto and the benchmark for all altcoin prices,the value of bitcoin has a big influence on other coins,when the price of bitcoin falls,the price of another coin decreases.

[Asebaby]

There are coins growing without the trend of Bitcoin so I really do not believe that all coins are in control of Bitcoin market but 80% of the market is control by Bitcoin.

[Fenix]

Bitcoin price dominates other types of cryptocurrency. This is clearly seen in the example of the past in 2018, when from the beginning of the year Bitcoin began to lose its price from $ 20,000, until it dropped to almost $ 6,000. At the same time, almost the entire cryptocurrency also synchronously fell in price along with Bitcoin. It is believed that such an opportunity appeared in Bitcoin due to its high level of capitalization.

[Eben]

I believe because bitcoin is the father of all cryptos, it certainly has some influence on the market and that it’s rise or fall may either positively or negatively affect other coins.

[Abiodun]

Bitcoin does not control the market, but impacts it either positively or negatively..

[Marivic27]

I think bitcoin really controls the market. We can all see that if bitcoin fall all altcoin and crypto coin are also fall down. Maybe it is all because the trust of the crypto believer is in the hand of bitcoin. If bitcoin fall small investors got panic and sell thatvis why there is a huge effect on the crypto coin price.

[adterna]

It is true that every token has a different currency utility, not all token prices are affected by the rise and fall of Bitcoin, many other factors that cause the rise or fall of a coin other than Bitocin, and we should not overestimate predictions of a coin fluctuation from the price of Bitcoin.