I have noticed it when actually the bitcoin price is rising up the cryptomarket also will. Is that because of bitcoin is directly proportional to the other cryptocurrency? so that when bitcoin dumped the other crypto also will dump? Whats your opinion about it?
True, bitcoin is an indicator of the cryptocurrency market, and the prices of altcoin depend on the price of Bitcoin. Of course, there may also be an exception, and the price of some altcoins may rise regardless of the price of bitcoin, but the general trend follows bitcoin.
I think it's not dependent but bitcoin market have big affects on the entire crypto market because if the price of altcoin depends. the change in altcoin prices always follows the price of bitcoin. but in fact in the market there are many altcoins that experience price increases while bitcoin is not. that's just one example