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?
Altcoin price was pegged to the bitcoin, if bitcoin falls and that gives an impact to the price of altcoin at least the dollar value of altcoin will get decrease a lot. But altcoin is more stronger on the bitcoin pair.
As far as i know there is no relation between bitcoin and altcoin because crypto depends on the trend itself.