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?
After making study about cryptocurrency, so far I observed that people are still dependent with the price movement of bitcoin, if you look at the history same pattern is happening and maybe that is why bitcoin affects altcoins.