How does BTC price affect other crypto?

[Claus]

I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my investment due to this sudden drop. Does bitcoin price have something to do with this?

[mikesmat]

I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my investment due to this sudden drop. Does bitcoin price have something to do with this?

Bitcoin has been the father of all cryptocurrencies. A lot of people have been trading the coin in large quantities and altcoin activities tend to fund bitcoin. People use bitcoin to buy or trade altcoin so bitcoin activities, someway some how, also fund altcoin. Because of this effect, a drop in bitcoin will definitely affect altcoin.

[Morrower]

As you should have mention already Bitcoin is the first and most valuable coin and other coins are following it.
When it rises - they rise too. Not it has fallen a lot and on the other coins - they're also getting less and less valuable.

[sammysnack]

It's no secret that due to the largest volume of capitalization and popularity, Bitcoin significantly influences the market of altcoins. In fact, the cost of most known coins depends on the BTC. Therefore, we can talk about restoring the market only after the price of the first cryptocurrency has stabilized and will start to grow in the long term.

[Lucky Stone]

bitcoin is a coin that first leads and suffered a surge so great, because of the bitcoin also many popping up coin-coin a new try to compete and have the same achievement. Thus bitcoin has an impact on other coins.

[odaten360]

Its because almost all trading pairs are based on Bitcoin. ETH/BTC, XMR/BTC. So there's a lot of impact on altcoins pricing. So its really hard not to be dependent on it unless BTC no longer considered as top coins.

[gribble]

as we know bitcoin is the first coin that leads and bitcoin is the father of all cryptocurrency currencies. many people trade this coin in large numbers and people use bitcoin to sell or exchange alcoins with bitcoin activity. and it's no secret that because of the volume of capitalization and the biggest popularity of bitcoin can significantly affect the altcoin market. the cost of coins that are best known depends on bitoin. so it will be very difficult not to depend on it unless bitcoin is not considered a top coin.

[dominoes]

Bitcoin is the main source of this volatile market. It is the biggest and the most intense coin that can lead the prices into high or low price. That's how powerful bitcoin is and more spectacular actions to happen.

[Bram Manis]

I think this is because the coin is bitcoin has indeed really trusted, moreover, the achievement history made him increasingly sought after and popular, so many new coins appeared with the hope of fulfilling the request and look forward to competing with bitcoin, bitcoin has contributions in delivering price effect ups and downs of prices.

[Motocyklista]

Hey, more and more new cryptocurrencies appear, which makes them more and more popular.

[dekafee79]

I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my investment due to this sudden drop. Does bitcoin price have something to do with this?

Because bitcoin is the King of crypto currency. Bitcoin price will affect other crypto. Bitcoin is more popular and more valuable.It is so high demand.

[Duckenth]

Bitcoin is a cryptocurrency that was born for the first time, not a few who say that Bitcoin is the king of cryptocurrency, so it's normal for me to think that the price of Bitcoin has a huge effect on the price of altcoins on the market.

[LogiC]

I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my investment due to this sudden drop. Does bitcoin price have something to do with this?

Probably the reason is BTC paired up mostly on the altcoins on exchanges. When btc dumped, of course there should be a correction on the price inputs of the tokens and coins paired with it. Sounds hurting but it's true. You cannot deny the fact that BTC has been now served as half body of the altcoin. Once it pumped some coins can increase based on price valuation. Except those potential coin that pumped on theit own growth of course.

If the altcoin can be paired on fiat currency then btc can be segregate on the demand and will not affect the market. But it will take time before this will happen.

[Nolbertino]

This is because the bitcoin is a coin that was first able to give great progress and has the highest price peak, making it the parent of all the coins. for it is reasonable only if the movement of the bitcoin has influence and give the effect on other coins.

[trofim21]

some people say that when bitcoin grows, then the altcoin is low in price, and vice versa, but I do not notice such a thing. I see the following when the bitcoin grows, then the whole market grows