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!
not all altcoins follow the flow of bitcoin movements because altcoins have their own movements. but if anyone is following the movement of bitcoin then it is a normal market condition. and lots of altcoins that went up when bitcoin crashed. but this movement is not determined by bitcoin. please visit the exchange market and pay attention to some that do not follow the movement of bitcoin, surely you will find it.
indeed there is no relation between altcoins and bitcoin in market movements. but we can see for the most part as if one rhythm, where the movement of bitcoin becomes a reference for the movement of other altcoins. This conclusion is drawn only from the market's habit of moving, but believe it or not, that the movement of bitcoin I think is very influential