Is the price of ethereum dependent on bitcoin?

[Stalky]

of course ethereum prices depend on the price of bitcoin, because bitcoin is the king of all altcoins on the market. so the price of ethereum also depends on the price of bitcoin.

[Knaw]

In my opinion, bitcoin is the parent of coin sharing, so that with price declines, at any time, it is very possible that it will affect other altcoins. That's where there are no altcoins that can compete with the BTC exchange rate until now when viewed from its function to date.

[Rafiq]

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

Yes I think Bitcoin price will affect the value of ethereum. Because bitcoin is still the King of crypto currency.

Of course, not only ethereum, I think the whole crypto world depends on bitcoin. When bitcoin's price goes down then usually all altcoins prices go down. So peoples believe bitcoin is a king of crypto currency.

[Nolkupit46]

Yes Ethereum price depends on bitcoin price also. Not only Ethereum but also another cryptocurrencies price also depend on bitcoin market.

[Jetski]

i think price of ethereum is not dependent on bitcoin because the two coins have different investors and platforms that may help to improve to become successful.

[Jun]

 yes ethereum price dependent on bitcoin this not mindset it's s reallity  like price of flat money  dependent of dollar,   the market movement and all flat money  affected  through  the fluctuations of dollar .likewise bitcoin price controls all crypto currency not only ethereum .

[Beattysuhita]

if I think all altcoin prices also depend on the bitcoin price increase position, especially with ethereum prices, if the price of bitcoin shows better value, I think ethereum prices and other altcoin prices will also follow the increase in bitcoin prices.

[vicoma]

The price of all other alternative coins largely depends on the price of Bitcoin. As a simple rule, all of them are paired against BTC, so the Bitcoin value will definitely affect them.

[Moykoy]

In accordance with what I feel, if bitcoin goes down then the other altcoins come down too. And vice versa. But not completely. I think that happens sometimes.

[mimikri]

yes ethereum price dependent on bitcoin this not mindset it's s reallity  like price of flat money  dependent of dollar,   the market movement and all flat money  affected  through  the fluctuations of dollar .likewise bitcoin price controls all crypto currency not only ethereum .

It depends on Bitcoin. Probably, not so great as the other altcoins, but BTC price affects this cryptocurrency all the time.

[TheBusstop]

that is not true, both are independent of the price. none detects the other. if you noticed last week, bitcoin increased in price while ethereum was stable until recently. both prices started moving up.

[Xtinah]

Of course, ethereum price depends on bitcoin. All other altcoins also depends on bitcoin, its the reality. If not that, then the price of ethereum and other coins wouldn't have fallen this deep if not that bitcoin price fell. The price of ethereum is directly proportional to the price of Bitcoin.

[hope167]

it's a part to relate to bitcoin, because the price of  bitcoin is influence to all the altcoin in the market, and i think the community is the main,

[Munareal]

It true that the price of Ethereum is dependent on Bitcoin because is the de facto digital currency with a has a large market capitalization. Its price affect all most all cryptocurrency value not only Ethereum. Another reason is because  most exchanges offer fiat to BTC purchase hence to trade ETH you have to convert to BTC first.

[hope167]

i think this time, price of ETH follow to bitcoin, when bitcoin go up, eth go too, and opposite, ETH has grow so much compared with the begining of the year