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?
Bitcoin is the first cryptocurrency who are recognize by some countries. The price of the altcoins really depends on bitcoin. Volatility of the bitcoin connects to the prices of the altcoins. It is the pioneer coins that's why altcoins follow some strategies on how bitcoin works.