Is price of the altcoin is based on price of the bitcoin?I have noticed the price of bitcoin falling down for past few days on same the price of altcoins are also falling down
Not only this time the fall in altcoin prices often followed by falling bitcoin prices. Finally gave birth to a separate assumption especially from its users, that "Altcoin price is based on bitcoin price". This thing happens because bitcoin's often used, as a benchmark or indicator of development all cryptocurrency's circulating.