Many people say that the prices of the alternate cryptocurrencies are reducing because of the reduction of BTC prices. Bitcoin is know as the first crypto currency but other alternative currencies such as Eth, Ripple, Lite works as individual platforms. Therefore how the other crypto currencies depend on BTCs?
Because of market dominance, so peice of all alternate crytocurrencies are effected. Plus, bitcoin is main trading currencies on exchanges, if you want to buy altcoin, you have to get btc or eth 1st. So btc price go down mean exchange rate between btc and altcoin go down.