Bitcoin price have a direct effect on altcoin value because Bitcoin is the measurement of the value of altcoins and once Bitcoin goes up the value of altcoin decrease because many altcoin holders are selling their altcoin in exchange of Bitcoin.
- Indeed, the value of bitcoin is almost entirely related to the movement of the market, if it cried, the whole market would be bloody but if it was fun, the market would be more exciting than ever, Bitcoin is always central to altcoin. It is really a great thing to give us confidence about the value and potential of bitcoin in the future but because of such a great dependence, I also always feel worried, if bitcoin does not become better in the future, crypto will also be affected and no longer generate profits for investors