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?
it affects all the altcoins in a way of moving like a whale, I mean, investors has a kind of scared of losing money online (crypto currencies) therefore when bitcoin declined, the value of the other coins/tokens will declined too. sometimes switching investment into other platform can affects the price of bitcoin and other altcoins also. so the manipulation is real, whales are exist in this kind of business that can manipulate all the price in crypto mostly in bitcoin.