Relation between BTC and the market / altcoins

[dekafee79]

before the market always reacted to the fall or rise in bitcoin and followed it, but today there is a new direction that is not subject to this influence, this is the sphere of decentralized finance

I think the reason why market always react to bitcoin progress, because bitcoin is the King of crypto currency and always be the trend centre.
Altcoins as follower always follow the King progress.
That's the fact.

[EthereumDev_]

the relationship between bitcoin and the exchange or the relationship between altcoins in my opinion is stronger between the exchange and bitcoin because the exchange is the best and easiest way to get bitcoin, while in my opinion altcoins are not very good because altcoins have a higher risk than bitcoin.

[Cleanerbd]

Your question is good. However, Bitcoin dominates the crypto market, so when the price of Bitcoin increase, the price of Altcoin increases, and when the price of decreases, the price of Altcoin decreases.

[Noverteno]

IMO, I think most of the time altcoins and the market movements were tied up with Bitcoin performance, but as I observe nowadays, it doesn't work as it is. Because in the recent Bitcoin price increase not all altcoins are gaining much traction unlike before, and one time also in the recent months, Bitcoin price was dip due to the China FUD, but some altcoins have gained much traction and price increases. so I can say base on my observation that not all the time Bitcoin and altcoins market relations are tied up sometimes it has gone wild and out of the Box.

Several factors appear to be at play here. The cryptocurrency market is constantly changing and the patterns that worked before lose their meaning over time. It is generally accepted that Bitcoin has dominance over other types of cryptocurrencies due to its high capitalization, as well as the associated price dominance, which is expressed in the percentage ratio of the capitalization of a particular cryptocurrency to the total market capitalization. While earlier this dominance of bitcoin was about 80 percent, then due to the development of altcoins and the tug of capital, the percentage of dominance of bitcoin is constantly falling and now stands at 40.4 percent. In this regard, the impact of bitcoin on altcoins is falling. On the other hand, the popularity and functionality of altcoins is growing, and given the decline in the price dominance of bitcoin, they sometimes show independence in the formation of their price. I think this is a good trend. The cryptocurrency market is getting more mature.

[Alcor]

before the market always reacted to the fall or rise in bitcoin and followed it, but today there is a new direction that is not subject to this influence, this is the sphere of decentralized finance

I think the reason why market always react to bitcoin progress, because bitcoin is the King of crypto currency and always be the trend centre.
Altcoins as follower always follow the King progress.
That's the fact.

Bitcoin does not have any formal or informal benefits and advantages in this market. Its price dominance over other types of cryptocurrencies is due to the high level of Bitcoin capitalization and has nothing to do with its position as the leader of the cryptocurrency.
If, after the upgrade of the ethereum network, this coin eventually surpasses bitcoin in terms of capitalization, then the price dominance of bitcoin will disappear, and with it its leadership will disappear. Of course, bitcoin, as the first cryptocurrency, will always be treated in a special way.