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.
Bitcoin is manipulating the whole digital market and to be very honest, since the first moment I have been dealing with digital coins, bitcoin has ruled digital market and if it is moving upwards, so does the market and if it is falling down, so does the whole market. This is the reason why bitcoin is said to be the king of crypto currency world. This dip will be over soon.