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
Basically, because almost all Altcoins have trading pair with Bitcoin and as such, if the price of Bitcoin goes down it will naturally affect the Altcoin and you must understand that since Bitcoin is like the Alfa or is the Alfa of crypto, people will naturally panic sell their alts if the reaction to bitcoin price even the Alts that are not paired with BTC.