Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
Now such an influence exists and is quite strong. BTC significantly affects the prices of most altcoins and the general state of the crypto market. I have already conducted a case study and noticed that during the period when BTC prices are rising, the prices of most reliable altcoins are also rising.