Bitcoin price has decline to about 94k today which cover about 4.5% decline rate and this dip has drastically result to a significant decline in the price of altcoins with a decline rate higher than that of Bitcoin. And this has made me wonder if the straight of altcoins rely on the straight of bitcoin because it seen that fall in Bitcoin price affect altcoins more than it's rise.
https://www.coingecko.com/en/coins/bitcoin
That has been like an open secret right from time, Bitcoin is the leading coin of all cryptocurrency, so whatever happens to bitcoin will trickle down to the other coins. However in your analysis you said the decline percent is 4.5% for bitcoin which is not on the high side compared to those altcoins you talked about their decline percenage rate being higher. We understand that the market is volatile, which is natural, but why risk on investing on altcoins that you know that you are at a greater risk of loss if bitcoin just experience a little decline, some of those altcoin project are just looking for a little stumble in the market for them to use as excuse to end their project. https://www.coingecko.com/en/coins/bitcoin
