Hi guys , i just want to know how bitcoins affects the flow of the cryptocurrency market? whats the basis or reasons why its going to be bloody when bitcoin drops ? As i observed when bitcoin drops , all coins drops also, and also when bitcoin is bloody , all coins are bloody too. do you have some further explanation about this crap.
Bitcoin plays a big role in the price movement of the cryptocurrency market. We can see that in some recent pumps and dump of the market, when bitcoin pumps also other altcoins pumps. There are many altcoins that is paired up in bitcoin in exchange.