Why Altcoins are dependent variable?

[Malam90]

Bitcoin price is independent but altcoins' price are dependent on Bitcoin price because most of the altcoins are traded with BTC pair. When Bitcoin price fluctuates, it makes fluctuation of altcoins' price but some altcoins which are traded only stablecoins pair, it won't depend on Bitcoin. 

[Vx1]

Of the most Crypto coins I know, on average they are tied to each other in terms of price.  And Bitcoin is the number one benchmark, and this we have known for a long time and also seems to be going on like this.  Altcoins price movements always follow Bitcoin prices, although not all movements are the same.

[Limabd]

Altcoins price movements always follow Bitcoin prices, although not all movements are the same. Some altcoins which are traded only stablecoins pair, it won't depend on Bitcoin.And altcoin and bitcoin trade among themselves.

[elbans89]

Bitcoin price is independent but altcoins' price are dependent on Bitcoin price because most of the altcoins are traded with BTC pair. When Bitcoin price fluctuates, it makes fluctuation of altcoins' price but some altcoins which are traded only stablecoins pair, it won't depend on Bitcoin.

I think we all know, bitcoin is the King of crypto currency and will be the trend centre of alcoins.
So I think It is the Reason why altcoins depend on bitcoin.
If you talk about several altcoins pair in Bitcoin, that's true.
But, Although pair in stable coin, I think almost all of altcoins are going down while bitcoin go down.

[Noverteno]

Altcoins are dependent on Bitcoin's movement because most of the alts are trading on BTC pair and when bitcoin pump-dump , alts are adjusting price according to the price of bitcoin on USDT. So alts won't be dependent on bitcoin or ethereum if those alts are only tradable on USDT or stablecoin pair. 

Altcoins do not depend on the price of bitcoin because they are paired with it. Bitcoin's price dominance is associated with its high level of capitalization. About half of investments in cryptocurrency are in bitcoin, and therefore its price movements are usually repeated by altcoins. I do not think that this situation in this market will continue for a very long time. Altcoins are developing rapidly and their usefulness is increasing. Because of this, the capitalization of bitcoin is gradually falling. The rigid price dominance of a single cryptocurrency is not well suited to a decentralized market and will change over time.

[xeroz]

As I always said previously, BTC is the king of crypto, becomes the first central for the crypto world. So, whenever and what happens to Bitcoin will always influence altcoins. So far, most altcoins will always depend on Bitcoin.

[hair]

there are some coins that don't follow BTC price movements like matic. so it all depends on how the development of a project. I'm pretty sure that in the next few years altcoins will be independent

[ashraf786100]

I think the most important thing that is responsible for this is that most of the altcoins are traded in the BTC pair. Also, most people take BTC as a deposit and they use BTC to trade on any altcoins. Most people enter the market by purchasing BTC first. So these things make BTC a valuable asset for people in crypto and as its value falls, so do the coins.

[masterrex]

I think it's not like that "variable" Although that we can't deny that if the Bitcoin price was decline most altcoins price also decline  My simple observation about that it just because most altcoins are using Bitcoin as their based pair that's why it can drag down the price of the most altcoins if the Bitcoin was also experiencing the same. second is the Bitcoin market cap dominance for me that was a common reason. 

[joshua98]

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[Princehaydar001]

The world of cryptocurrency is of different stages, Bitcoin is one the most relevant and reliable crypto coin that is known all over the world, that is the reason behind dependant of other altcoin on BTC, because Bitcoin serve as the benchmark for all coins and the price of altcoins depend in the nature of the rise and fall of Bitcoin price.

[Senin]

We see, the crypto market is always dominated by Bitcoin where other coins follow it. When BTC price was over 60k, altcoins price was at the pick. When BTC price decreased at 31k, all other coins went down at bottom and vise versa. Altcoins price is always dependent on Bitcoin price but Bitcoin price don’t follow others. Why altcoins are dependent variable to the crypto market? I think, altcoin market has largely developed in the last few years. Now it has many good coins. So to make the crypto market stronger, it should have some independent coins whose prices will not be affected by other’s price. It will follow itself.

What do you think?

Yes, this is a really big problem in the cryptocurrency market. Bitcoin was the first among cryptocurrencies for a long time and therefore it gained significant popularity. This allowed it to significantly outpace other emerging cryptocurrencies in value. This, in turn, led to its significant capitalization and the level of price dominance in the cryptocurrency market.
However, the market continues to develop rapidly and a lot of different promising projects and cryptocurrencies with more advanced technologies and functionality appear on it. Their growth will inevitably lead to the alignment of the main indicators of the cryptocurrency, including in terms of price. Only then will it be possible to freely form the prices of individual altcoins. This will happen, but a little later.

[Jaephoenix]

It has to do with investor power. When the market is on a bull run, people tend to buy not just bitcoin, but altcoins. Same happens in a bearish season. But these days there is the so-called bitcoin-altcoin decoupling which means bitcoin is pumping while alts are stagnating or even dumping

[tervel]

The fundamental reason behind altcoins following Bitcoin is because altcoin prices are typically measured in Bitcoin. The original crypto asset may be flanked by over 3,000 competitors, but it still commands over half of the entire cryptocurrency market cap. This domination of the crypto market affords Bitcoin a lot of influence and control.

[pacar_tiri]

The fundamental reason behind altcoins following Bitcoin is because altcoin prices are typically measured in Bitcoin. The original crypto asset may be flanked by over 3,000 competitors, but it still commands over half of the entire cryptocurrency market cap. This domination of the crypto market affords Bitcoin a lot of influence and control.

Because altcoins always pairing to bitcoin, and bitcoin is the King of crypto currency.
Bitcoin is always be the trend.
So, It's the reason why altcoins are dependent variable.