I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
It would be different if all coins were pegged to let's say the dollar but everything is pegged to btc, all the alts can do is look if btc went up or down and adjust the price accordingly.