Why does Btc value affect Eth

[therozaq]

For the past weeks when the market was red, I observed that the value of Btc affects almost all altcoins,  Ethereum inclusive. Why does the valuend of Btc affect Eth

Bitcoin is the king of crypto. The value of bitcoin will affect all altcoins.

[dekafee79]

For the past weeks when the market was red, I observed that the value of Btc affects almost all altcoins,  Ethereum inclusive. Why does the valuend of Btc affect Eth

For now, Bitcoin is still on the top , Bitcoin is The king. So bitcoin value affect ethereum.

[Revofit]

probably because bitcoin is the leader of all cryiptocurrency gan. not just etherium but if I think almost all cryiptocurrency follow the movement of bitcoin .

[bayiajaib]

For the past weeks when the market was red, I observed that the value of Btc affects almost all altcoins,  Ethereum inclusive. Why does the valuend of Btc affect Eth

I think because Bitcoin is father of crypto. Bitcoin value will affect other coin.

[legend45]

For the past weeks when the market was red, I observed that the value of Btc affects almost all altcoins,  Ethereum inclusive. Why does the valuend of Btc affect Eth

Bitcoin is the first of the best crypto. It is always on the top. So bitcoin value affect ethereum and all altcoin.

[mackinleybhe]

For the past weeks when the market was red, I observed that the value of Btc affects almost all altcoins,  Ethereum inclusive. Why does the valuend of Btc affect Eth

Bitcoin is the king of crypto. The value of bitcoin will affect all altcoins.

Whenever there's a downtrend of price on bitcoin due to some negative issues, like banning, fake news and FUD's, not only ethereum price is affected but mostly all crypto are going down also. It is because bitcoin serves as their baseline of being valuable and most trusted coin in this crypto industry.

[Sudarmono]

it is true that bitcoin values greatly affect the price of altcoin and that also includes eth, and that's the case I think because many people sell altcoin to switch to bitcoin.

[Yahud]

I think that's natural, because Bitcoin is like a gold. So maybe people make bitcoin as a standard price of crypto.

[Mocosolawatan]

because I've read that there are some coins whose movements follow the movement of bitcoin graphs. among them is etherium.

[Breadwinner]

I have also noticed that the price doesn't affect it because for the past days as btc was increasing ETH was decreasing and even sometimes still at the same price for a longer time.  So what could cause that too?

[Alpha]

For the past weeks when the market was red, I observed that the value of Btc affects almost all altcoins,  Ethereum inclusive. Why does the valuend of Btc affect Eth

This time the trend change from common to uncommon flow of ethereum with bitcoin dominion. Actually, I am thinking that there are someone who manipulate ethereum price at this moment because if we observe tightly we can notice the slowly progress.

[Redhead5]

For the past weeks when the market was red, I observed that the value of Btc affects almost all altcoins,  Ethereum inclusive. Why does the valuend of Btc affect Eth

I think it is more on influential condition and this is normal. Because bitcoin is the king of all cryptocurrencies and whatever happened to the king will affect also to all the followers like ethereum & many others altcoins and this will be normal interventions.

[Power]

This is because bitcoin is the basis of all cryptos price. Bitcoin deserved it because it is the reason of the birth of all cryptocurrencies and the only crypto that is already accepted to all countries that accept digital currency.

[lockheed]

it will effect too much because the value of eth is depending of bitcoin value.

[Marivic27]

This is because bitcoin is the basis of all cryptos price. Bitcoin deserved it because it is the reason of the birth of all cryptocurrencies and the only crypto that is already accepted to all countries that accept digital currency.

Yes I agree on that, bitcoin is really the great basis on crypto market , if bitcoin fall we can all see that all coin will also slowly falling and if it drops all coins are really dropping maybe bitcoin is really the basis of the trust on all investors around the globe so then it is not really surprising if eth will also fall because of that.