These days bitcoin price is increasing. Now btc price is around 8400$. But altcoin prices are not increasing. Is not altcoin price depend on the btc price?
It is true that the price of Bitcoin has being experiencing an upward surge but the altcoins remain sluggish. The price of altcoins are influenced by the price of Bitcoin but not completely dependent on it. While bitcoin has been rising there are a few altcoins that have also experienced the upsurge.