Has the price of BTC been fluctuating wildly recently?This wave of gains was all due to the rise of the BTC, with Altcoin passive following, and many of the altcoin's price not rising, and if the price of BTC fell sharply, it would not be disastrous.Triggered a huge sell-off.Will most of them lose money?
I think alts prices and Bitcoins price are independent. If people want more BTC then bitcoin price will sharply go up.
In your case, you are asking if alt price will go gown because btc price did. Well my answer is no. I think they both have different factor. And it will always depend on how the market's demand and supply of every alts.
No, Altcoin prices are dependent on Bitcoin prices. I mean USD prices of altcoins is related to Bitcoin. For example look at OMG, the price right now is 88K sats in BTC but 10.3$ in USD. Imagine if Bitcoin crashed to $6K then OMG will be worth just above $5.5. Check the price of OMG in August in terms of Satoshis so you will get a good idea.