Hey everyone,
How strongly Altcoin value relate to bitcoin price. Can we know the condition of ETH/BTC ratio by analyzing BTC/USD value ?
When the price of bitcoin shot up all popular Alt-Coins also usually went up in price, and this happened not only once or twice even this often happened, so it was very natural if in the end such conditions had become assumptions especially in most cryptocurrency users, that Altcoin value is related to the price of bitcoin. But if we take a closer look, this thing is actually caused by the many crypto analyzes which use the value of bitcoin as a benchmark for cryptocurrency growth.