The rise in the price of BTC (Bitcoin) has certainly had an effect on the market. With its increasing value, there has been a surge of interest and investment in this digital currency. This has led to a ripple effect on other cryptocurrencies as well, driving up their prices as people seek alternatives to Bitcoin.
The price of bitcoin has alwsys lead in the market, if the price bitcoin is increasing the price of altcoins also increases and if the price of bitcoin falls also the price of altcoins also falls. The price of bitcoin dominates the cryptocurrency market.
This one of the points to prove that bitcoin has good value in the market, and because of this value of bitcoin people prefer to invest in bitcoin than altcoins .