Why is it that altcoins are been influenced by bitcoin price movement?

[densus88]

For some months and even years now, i have observed that each time there is a fall or rise in the price of bitcoin many altcoins follow this trend. Besides other factors like the demand and supply, media influence etc, i think that the most common factors that influence or that affects most altcoins ,if not all altcoins, is the Bitcoin upward or downward price movement or fluctuations. Share your thoughts. Thanks

Yes It is true. Altcoins are been influenced by bitcoin price movement. because Bitcoin is the King of crypto currency.

[Moykoy]

if bitcoin decreases then the altcoin will capture it. the problem in the market is how to make bitcoin prices stable. all altcoins are still affected by the value of bitcoin.

[ayatoslaw]

this is also still my question, altcoin always follows the price of bitcoin, when bitcoin is down or up altcoins always follow it, maybe this is one of the effects of the bitcoin market that is increasing or decreasing, so altcoin also follows it. because to buy altcoins, sometimes we have to use BTC, not other altcoins, one of which might be the cause.