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?
Yes, it's true that almost all coins on the crypto market depend on bitcoin. Almost all coins are traded in pairs with bitcoins and many people record their profits from the sale of coins in bitcoins.