Post
Topic
Board Altcoin Discussion
Re: Bitcoin down Altcoin down
by
eliek18
on 18/07/2018, 12:37:50 UTC
When you look at the price of an altcoin in USD, you are actually looking at the altcoin’s price in relation to Bitcoin’s exchange rate with USD. Every altcoin value must first be converted to Bitcoin equivalent value before it is converted to USD.

When the Bitcoin price falls or rises against the USD, all the altcoins will usually follow. This is because all altcoin prices are based on their Bitcoin exchange rate, not their USD exchange rate.