it affects so much, bitcoin is a king. when bitcoin is down, altcoins are down too
even on bad market like now, many altcoins have no value
I think that is fair, because the decline that happened is a kind of decline from the global crypto market. the impact is not just on bitcoin and only a few altcoins. you yourself can see, all of my assets have decreased.
The actual reason is that people know that Bitcoin is much stronger and many coins are in the market on exchanges with Bitcoin so with the fall in the price of Bitcoin people also lose the faith on the price of other coins and along with that they see the price of these coins dumping with the price of dumping Bitcoin.