I have recently been into altcoin trading. I just want to know, does the price of bitcoin affect the price of other cryptocurrencies as well? How? I really want to know. I have noticed that ever since the bitcoin price pumped up and reached 4,000 USD, the price of the altcoins had gone really really low. I almost lost my invesment due to this sudden drop. Does bitcoin price have something to do with this?
Yes sir!!...btc is the head...it goes up and everyone else follow suit....and when goes down the whole markets goes with it...but of course; there are exceptions to it...some altcoins might choose to break the law!!