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.
Well i think it's because bitcoin is the first cryptocurrency and bitcoin price that is really high compared by other altcoins. So when the price of bitcoin drops, other altcoins also drops and when bitcoin price go up, altcoins also go up too. If you look at the market right now, bitcoin price is crashing so hard and altcoins following it too.