Why does Btc value affect Eth

[Pabloiscobar]

Because bitcoin is directly proportional to the etherium , in fact that the two have the same quality but different quantity.

[Gunung_ulo]

it's true that happened, and I feel it is all because many people throw away their coins, because of fear of falling prices again.

[Confero]

The value of Bitcoin affects not only the Ethereum value, but Bitcoin's Value affects the values ​​of all Altcoin present. this is because Bitcoin is the parent of all digital Cryptocurrency Coins.

[Pabloiscobar]

It can affect the etherium because the relationship of the two is directly proportional to each other. When bitcoin rises the etherium also rises, and when bitcoin down also the etherium wil down also.

[Roland26]

It can affect the etherium because the relationship of the two is directly proportional to each other. When bitcoin rises the etherium also rises, and when bitcoin down also the etherium wil down also.

I think itvis all because of the trust, bitcoin really hold the trust and most of the investors is really looking at the bitcoin price, bitcoin price can affect the eth price not only eth but also in all coin on crypto feild. If bitcoin failed maybe all coins including eth will also fall, because bitcoin is the only or the most popular coin in crypto that can be easily converted to fiat.

[Jaguar]

Because the market respect the reign of bitcoin as the first ever coin who started this digital transactions matter. So, if bitcoin will goes up the trend will follow whether they like it or not. I'm not saying everything controls by bitcoin.

[Puncak_pelangi]

it is absolutely true that bitcoin greatly affects the price of altcoins and that includes eth, and therefore many people throw away their coins with selling panic.

[laughingburger]

Btc which is consider the pioneer of crypto more or less the price of the pioneer will still have some effect on other coins.

[Negan]

It can affect the etherium because the relationship of the two is directly proportional to each other. When bitcoin rises the etherium also rises, and when bitcoin down also the etherium wil down also.

[Negan]

Because bitcoin is directly proportional to the etherium , in fact that the two have the same quality but different quantity.

[Mengharap Rizki]

investor confidence in bitcoin is inherent, because the first bitcoin and its value remain the highest.

[Lanirex]

I think that's because Bitcoin is the parent of all existing Cryptocurrency, so what happens to Bitcoin will definitely affect other coins, whether it's popularity or price. And I think that is a natural thing, because actually the Cryptocurrency investors besides Bitcoin, also become Bitcoin as a benchmark.

[Hadisularto]

Because bitcoin is the first crypto and the most expensive price, many investors also choose bitcoin to be invested, in my opinion that is the one that affects it.

[Hadisularto]

Because bitcoin is the king of other cryptocurrency, besides that the price is also good and many investors hold it.

[santawarrior]

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 is most common scenario of cryptocurrency investment and everytime  bitcoin price will drops mostly of the altcoins are also dropping.