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?
The crypto prices are not following the price of the bitcoin actually, the choices of the traders are following the price of the bitcoin. The affect of the bitcoin is just changing by the changing opinions of the traders.