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?
in my opinion there must be something to do with alternative currencies like altcoins because bitcoin is to my knowledge a crypto currency pioneer and maybe many investors who use bitcoin become another currency that is affected by the movement of bitcoin