Hi guys, I understand that this question is probably obvious, but I'm wondering. What is the actual principe of Altcoin and Bitcoin relation? Why when Bitcoin price falls, Altcoin price falls too and vice versa?
Bitcoin is the foundation of all the cryptocurrencies,altcoins are being traded with bitcoin that is why these altcoins rely into bitcoin's price it means if Bitcoin has moved regardless it is going up or down most common reaction of the altcoins will bleed,the only time that these altcoins grows is when bitcoin's price has stabilized or gone sideways.