Bitcoin has proved it once again that it's the key player in the world of crypto and prices of altcoins depends of bitcoin, we witnessed it yesterday wherein bitcoin's value dropped which caused huge fluctuations in the value of altcoins and even drove altcoins to red zone but when Bitcoin quickly regained the value he altcoin market got steady.
Sometimes we don't see pump in the value of altcoins when Bitcoin surges but whenever there is a adrop in the value of Bitcoin it definitely causes chaos to altcoin market.
In the cryptocurrency market, the major currency is Bitcoin. Although fiat, Ethereum, and Tether currencies are frequently used.
Altcoin are used to fund bitcoin runs, and Bitcoin funds Alts operations. As it relates, movements in the price of Bitcoin are likely
to have an influence on the price of Altcoins. When the price of Bitcoin rises rapidly, the chances are it will depress Altcoins as money
flows into the Bitcoin market. On other occasions, Altcoins will go up, as fiat currencies flow throughout the crypto market, usually,
this phenomenon occurs when a fresh wave of adoption occurs.