So I am a newbie and I always had this question in my mind why all altcoins are backed with BTC because at times like these altcoins are the most affected one there are some really great altcoins out there but due to this correction we can see a massive drop in those coins and I don't think it is fair to other coins that because of only one single coin they also see a massive drop.
I am saying again I am just a newbie who is trying to understand these market.
Thank you
btc is the first crypto to ever and has a huge market cap and widely accepted in the crypto community, every exchange list btc as trading pair against other coins/tokens, any project who want to have a wide reach of users will definitely paired to btc when listing on exchange to have wider market, so in this case, when btc going down most alts are equally down, same when btc is up. the whole market largely depend on btc.