This is very good news! Soon the altcoins will catch up. But it's too early to relax now. Price increases can be imaginary. Or the price will stay at this level, or go down. N give in to the euphoria and rite considered!
With the increasing price of bitcoin, altcoins price really went down and this makes sometimes frustrating but we don't have any choice we have to move according to the market. It is always a good sign when bitcoin price is increasing.
If bitcoin breakout and rise to the moon surely we will see alts to follow, tracing back previous year's movement it's giving us some hint that 3rd quarter bring much better market, and if you have a lots of spare money you can use it and invest with top 10 crypto's then wait till the bounce back happen, make sure it's an spare money which can be delayed in terms of profits.
Yeah altcoin price always following bitcoin price, everytime the bitcoin price increase, altcoin price will increase too and vice versa but if the case like last year when the bitcoin price is really high which is reach $15k-$19k, altcoins price will go down. The point is the price of bitcoin must be high.
The ups and downs of Bitcoin's is a normal trend in the world of cryptocurrency. Volatility has been around for decade and its due to several considerable factors like increasing and decreasing of demand, media influence, FOMO'S or FUD's. It's very unpredictable and uncontrollable, however I think instead of dwelling on that idea too much won't help us to grow in the field and only creates panic. It's good to know that there is a constant increase in price, but we must also be prepared with possibilities, should have a backup plan, learn to strategize, to continue exploring new ideas, and to accept and be aware the nature of Bitcoin.