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 the main trader coin is bitcoin, some of these altcoins were relying on bitcoin price if goes down the same reaction to the bitcoin price they are all affected with the bitcoin price. Yes, they have different platforms but when it comes in trading in the market bitcoin will become the center of all coins in the market.
Unlike those coins having a pumping group to make their coins project more expensive even bitcoin is in the dip.