I'm still a beginner in crypto, as we know from time to time the number of altcoins is increasing, but I want to ask,
will the increasing number of altcoins affect the price of bitcoin,?
but in my opinion it will not affect the price of bitcoin, even though the number of altcoins is increasing.
Altcoins and Bitcoins are completely different. It doesn't matter how large the number of altcoins in the market, there will be no natural impact on it. But the negative impact of some top level altcoins can effect bitcoin price temporarily. We all were able to see a big fall of Altcoins like Luna and FTX. Due to which Bitcoin price affected temporarily. But there are many altcoins that are created and die that have no effect on Bitcoin or cryptocurrency. It is important to remember that there are many altcoins but there are very few good projects actively trade in the market. And that's why no matter how many altcoins increase, it won't have any impact on the market.