BTC is not doing so well lately.
Directly or indirectly, altcoins are affected too.
Nevertheless, is the downfall of Bitcoin makes any good to altcoins?
The reasons that the altcoins are affected by the price of bitcoin being down is due to the fact that the coins have their trading pairs with bitcoin, so when the price and the volume of bitcoins being traded goes down, it directly affects the price of the altcoins. Basically all of the altcoins are dependent on bitcoin for their prices when it comes to bull markets