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?
what do you mean the market?? I guess it is similar in the physical world market, about the demand,supply and price. But I don't think that if the price of bitcoin drops the altcoin will also drop. I think bitcoin and altcoin is inversely proportion by their price, demand and supply.
I think the ratio of rise in values of Bitcoin right now is more elaborated in the market and it might grow big shortly. Bitcoin has been down almost all the year so far and that is the reason the crypto market has been not so attractive. Only the speculations about the future values of Bitcoin kept the market crowded and the demand stayed a bit good because of the down prices. Hopefully the market will recover soon because of the inflow of funds into the crypto business due to low cost o investment.