I think bitcoin price fluctuations have a deep relationship with other coin price fluctuations, what do you think about this?
Price could neither have some correlation or not but we know that Bitcoin is the trend setter and this had been a main indication on where the market could possibly go.It might not be all the times but this is where altcoins do really depend on and the market could really move on basing on what Bitcoin is been doing and we know that the community is the ones who do make out such decision whenever they do see
decline then they do tend to switch to bitcoin due to buying opportunity and some do switch to usdt or stable coin to protect their asset.
It's always been unclear of what causes that correlation in price with Bitcoin and altcoins but the biggest pointer has been the fact that altcoins are traded in Altcoin/BTC pair so it makes it super easy for them to be directly affected by everything that's happening with Bitcoin since BTC is their secondary pair. While doesn't happen all the time, it does for majority of the time.