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!
Bitcoin dominates the crypto currencies. If bitcoin is dump, there is no chance for any altcoin can pump significantly. The only exception can be if any altcoin has a major news event or sometimes shitcoins with very low marketcap can be pumped by whales.