Post
Topic
Board Altcoin Discussion
Re: Is the price of ethereum dependent on bitcoin?
by
heyou80
on 08/09/2018, 19:35:48 UTC
This is because most exchanges do not offer FIAT-ETH exchanges. This means that you cannot purchase ETH using your local Fiat currency (such as US dollars or Renminbi). Instead, you must first buy bitcoin in dollars or renminbi and then convert bitcoin to ETH, which is why ETH prices are still related to BTC.