I want to understand if all altcoins are built upon the foundation of BTC. This is because when there is severe crash of BTC, all other coins, I mean all, also crash.
Is there no independence in the cryptocurrency world?
Thank you!
I'm not really that sure but I think one of the reason I can find is because most of the altcoins were paired with Bitcoins for example Ethereum/Bitcoin, Litecoin/Bitcoin and many more so when the price of the Bitcoin crashes the other pair crashes too though I'm not really sure if this is the case or maybe people panicked that the foundation coin crash they sell their altcoins.