once again the bitcoin price rise has led to a massive altcoin dump all over the altcoin market as they continue losing value against bitcoin and show red on the charts. interesting point is that the top coins with bigger market cap are dropping harder than the smaller coins which is probably due to the arbitrage opportunity between the ALT <> USD <> BTC which is also partly the reason for the ALT/USD small rise.
definately this is expected to happen because of the ways most of the altcoins are sympathizers with bitcoin. However many of them are green against USD and that is what matters to us. Billion of dollars has flow into the market and we are happy that this has happened.