I am aware some of you might not agree with my view but I strongly feel that the value of altcoins are correlated to the value of bitcoin and we have seen this in the past as value of altcoin trends according to the momentum of bitcoin, but now the real question would be "why the value of altcoins are still trailing behind wherein bitcoin has increased by leaps". All we need is a bit of patience as crypto will not go as per our expectation as it's not scripted and many might have noticed that the value of ETH was all-time high when the value of bitcoin started to dump after the 2017 bull run.
What's your opinion guys?
Of course the price of alts are tied to bitcoin. Usually you buy all your alts with bitcoins as most other pairs aren't viable options (yet). Bitcoin IS the crypto market so bitcoin good, then crypto is good. If bitcoin dumps then everyone dumps everything else. It is that way today and it'll be that way for a long time to come.