From yesterday the price of bitcoin got increased upto $400 due to the speculation of ETF approval by SEC which made all the other crypto currencies to bump with the same level of bitcoin so which shows that if bitcoin prices recover all the crypto currencies will be able to recover.
Do you agree that?
Bitcoin is the largest cryptocurrency by marketcap. Bitcoin has 52% shares of the total crypto marketcap. When Bitcoin rise new money come into the market and the total marketcap will rise with it. This new money is transferred to altcoins for the short term. Altcoins may see a small rally of 10-15% after Bitcoin pump. This is not applicable to long term most of the altcoins today does not have a feasible project and no real use case. So in the long term, only a few altcoins will survive those have active teams and real development. Choose your altcoins wisely.