Btc is on 8100$ this time. .I think there is a small correction to happen.. Altcoin price i think it is not depend on btc even they have pair on btc it depends on the coin holder
I think this time altcoin price will followed trend bitcoin price. It is mostly like since from the start of cyrptocurrency era bitcoin is the principal reference of any altcoin. Maybe its not in term of product and services but in terms of market prices.
Most of altcoin are affected by the volatility of the market and the value of Bitcoin. Currently most of the altcoin is reduced dramatically due to the amount of money being withdrawn from altcoin being put into Bitcoin. I believe that the uptrend is coming back and the market will recover in the later months of this year.
yes it makes sense, most people choose to sell altcoin and put it into bitcoin so that it can affect the trading volume of altcoin because more people are doing sales activities compared to purchases