Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
Of course bitcoin will set up the overall tendency at the crypro market due to its powerful influence. People might not know about the existence of other digital coins but everybody heard about a bitcoin unless they live on Mars.
if you look closely at Bitcoin and Ethereum, then Ethereum is much more profitable economic position in the market and the more it is in demand for practical application. But for some reason, it is Bitcoin that greatly affects the entire cryptocurrency market. I think that this trend needs to be changed.